Retirement Income Tax Calculators Virginia

Virginia Retirement Income Tax Calculator

Calculate taxes on retirement income in Virginia. State tax up to 5.75%. See after-tax Social Security, 401(k), pension, and IRA distributions.

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Virginia Quick Facts

5.8% Income Tax Rate

0.82% Property Tax Rate

$80,615 Median Income

103.7 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement income tax calculation for Virginia. Social Security is taxable at the federal level if combined income exceeds $25,000 (single) or $32,000 (married) — up to 85% may be taxed. 401(k)/IRA distributions are fully taxable as ordinary income. Virginia taxes retirement income at rates up to 5.75%. Some states exempt Social Security or pension income — check Virginia's specific exclusions. Federal tax uses 2026 brackets with standard deduction plus additional $1,950 (single) or $1,550 (married) deduction for age 65+.

Key State Information

Virginia retirement tax facts: State tax rate up to 5.75% | Cost of living index 103.7 | Median home price $380,000 | Property tax 0.82% | No homestead exemption.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

IRS, Tax Foundation, SSA

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

Is retirement income taxed in Virginia?

Yes — Virginia taxes most retirement income at rates up to 5.75%. This includes 401(k)/IRA distributions and pensions. Social Security may be partially exempt depending on Virginia's specific rules.

Is Virginia a good state to retire in for taxes?

Virginia has a top income tax rate of 5.75%, which applies to retirement distributions. With a cost of living index of 103.7 and property tax of 0.82%, retirees should weigh overall living costs.