USA State Taxes

VIRGINIA (VA)

 

STATE INCOME TAX (SIT)

Description Amount Effective Date Website Deposit Method / Frequency / Threshold Forms
Wage Withholding Tables   Virginia Department of Taxation

Semi-Weekly EFT>$1000/mth. Due within 3 banking days if >$500 on federal cut-off date.

Monthly EFT >$100 <$1000/mth: ER not mandated for EFT

Quarterly EFT < $100/mth

 

Register, File and Pay at VATAX

 

Withholding Tax Forms and Tables

 

Monthly/Quarterly Return - VA-5

Annual/ Final Summary - VA-6

 

Withholding Exemption Certificate - VA-4
Supplemental Wage / Bonus Rate 5.75%  

 

Notes: After you register for a withholding tax account, you must file a return for every period during which the account remains open, even if there is no tax due.

Reciprocity agreements with Kentucky, District of Columbia, Maryland, West Virginia and Pennsylvania.

 

STATE UNEMPLOYMENT INSURANCE (SUI)

Description Amount Effective Date Website Deposit Method / Frequency / Threshold Forms
Maximum Taxable Earnings $8,000 Unchanged from 2023 Virginia Employment Commission

Quarterly

 

Tax Filing / Registration

UI Forms

 

VEC-FC 21/20
Employee Deduction None  

Employer Tax Rate

(Includes 0.00% Fund Building charge and 0.00% pool cost charge)

 0.10 – 6.20% 2024

New Employment Rate - Standard

(Includes 0.00% Fund Building charge and 0.00% pool cost charge)

 2.50% 2024
Voluntary Contribution Permitted No  

 

 

NEW HIRE REPORTING

Website Frequency / Method Forms
New Hire

Same as federal requirements.

Register

 

 

 

WEBSITES

 

 

Disclaimer: This information is for reference only. To ensure accurate set up, we highly recommend that the information is verified with the applicable federal and state/provincial agencies. TimeTrex makes no claims, guarantees, or promises about the accuracy, current status, or completeness of the information provided. In no event shall TimeTrex be liable for any errors or omissions with respect to any resource information.

 

Last updated Jan 2024