Are capital gains taxed in Virginia?

On the other hand, certain types of income, most notably capital gains, are taxed as regular income and must be included in your state return. The base, statewide sales tax rate of 4.3% in Virginia is combined with a statewide local rate of up to 2.7%.

What is the tax rate on capital gains?

The rate goes up to 15 percent on capital gains if you make between $47,026 and $518,900. Above that income bracket, the rate jumps to 20 percent. These capital gains may also be subject to the net investment income tax (NIIT), an additional 3.8 percent tax, if your income is above certain levels.

What is a capital gains tax calculator?

Forbes Advisor's capital gains tax calculator helps estimate the taxes you'll pay on profits or losses on sale of assets such as real estate, stocks & bonds for the 2022-2023 tax filing season.