Virginia Business Tax Calculator
Calculate corporate income tax, franchise tax, and gross receipts tax for businesses operating in Virginia.
🗺️Why calculating in this state is different
Virginia has a progressive income tax system.
State Income Tax
2% - 5.75%
Base Sales Tax
5.3%
State Min Wage
$12.00 / hr
Abbreviation
VA
Virginia Business
This calculator uses the latest 2026 data for Virginia, including the minimum wage of $12.00/hr and the specific state income tax rates (2% - 5.75%).
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State Tax Rate2% - 5.75%
📊State Details
State Income Tax
2% - 5.75%
Base Sales Tax
5.3%
State Min Wage
$12.00/hr
Abbreviation
VA
Net Income
$39,187.50
after taxes in Virginia
Gross Income
$75,000.00
Total Tax
$35,812.50
📈Key Metrics
Net Income
$39,187.50
after taxes
State Tax
$19,312.50
state income tax
Effective Tax Rate
47.8%
total tax burden
ℹ️Summary
Gross Income$75,000.00
Federal Tax$16,500.00
State Tax$19,312.50
Net Income$39,187.50
❓Frequently Asked Questions
What is the corporate tax rate in Virginia?
Corporate tax structures vary. In addition to potential corporate income taxes, businesses in Virginia must also consider unemployment insurance taxes, sales tax collection (5.3%), and local business licenses.
Do LLCs pay tax in Virginia?
LLCs are typically pass-through entities, meaning profits pass through to the owners' personal tax returns and are taxed at the personal 2% - 5.75% rate. However, Virginia may also impose an annual LLC franchise fee.
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