Virginia Income Tax Standard Deduction 2024. For taxable years beginning on and after january 1, 2024, but before january 1, 2026, the standard deduction is $8,500 for single individuals and $17,000 for. And if you’re looking ahead to the 2024 tax year (i.e., for tax returns to be filed next year), the basic standard deduction amounts for most people will increase by.
2 percent to 5.75 percent. And if you’re looking ahead to the 2024 tax year (i.e., for tax returns to be filed next year), the basic standard deduction amounts for most people will increase by.
For Taxable Years Beginning On And After January 1, 2022, But.
Information on how to only file.
Rates Start At 2 Percent And Max Out At 5.75 Percent.
In addition to the subtractions listed below, virginia law also provides several deductions that may reduce your tax liability.
Income Tax Tables And Other Tax Information Is Sourced From The Virginia.
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A Flat Amount Allowed By The Tax Authority To Be Subtracted From The Gross Income.
Here's how those break out by filing status:
In Addition To The Subtractions Listed Below, Virginia Law Also Provides Several Deductions That May Reduce Your Tax Liability.
Virginia’s 2024 income tax ranges from 2% to 5.75%.