Virginia Capital Gains Tax Calculator
Virginia taxes capital gains as ordinary income at the state level, which means a gain on selling shares, property or other investments is added to your other income and taxed using the Virginia income tax brackets, with no separate preferential long-term rate like the federal system provides. This calculator estimates the Virginia state tax on a capital gain by stacking the gain on top of your other taxable income and applying the sourced Virginia Department of Taxation brackets for tax year 2025, then taking the difference. Enter your gain, your other annual taxable income and your filing status to see the state tax attributable to the gain and the effective rate on it. The result is the Virginia state portion only; federal capital gains tax, which has separate short-term and long-term rates set by the IRS, is calculated separately. Because the gain stacks on your other income, the same gain is taxed at a higher rate the more you already earn. Some states provide specific exclusions or preferential treatment for certain gains; this tool uses the standard ordinary-income method and links the Virginia Department of Taxation so you can confirm any special rule that applies to you.
Virginia taxes capital gains as ordinary income. A $20,000.00 gain on top of $60,000.00 of other income (single) adds about $0.00 in Virginia state tax, an effective rate on the gain of 0.00%.
How Virginia taxes capital gains
Virginia taxes capital gains as ordinary income, so the gain is added to your other income and taxed at the Virginia bracket rates.
state tax on gain = state income tax on (other income + gain) - state income tax on (other income)
effective rate on gain = state tax on gain / gain x 100
Virginia capital gains tax: frequently asked questions
How are capital gains taxed in Virginia?
Virginia taxes capital gains as ordinary income at the state level: the gain is added to your other taxable income and taxed using the Virginia income tax brackets published by the Virginia Department of Taxation. This calculator applies those brackets to your gain. Some states provide specific exclusions or rates for particular gains; confirm your situation with the Virginia Department of Taxation.
How much state tax will I pay on a $20,000.00 capital gain in Virginia?
Stacked on $60,000.00 of other income, a $20,000.00 gain adds about $0.00 of Virginia state income tax for a single filer, an effective rate on the gain of 0.00%. Your figure depends on your total income and filing status; enter them above.
Does Virginia have a separate long-term capital gains rate?
Most states, including the default treatment here, tax long-term and short-term capital gains at the same ordinary income rates, unlike the federal system which has preferential long-term rates. Any state-specific exclusion or preferential rate is set by the Virginia Department of Taxation; this calculator uses the ordinary income method and links the source.
What is Virginia's income tax rate for 2025?
Virginia uses a four-bracket graduated rate: 2% on the first $3,000, 3% on income from $3,001 to $5,000, 5% on income from $5,001 to $17,000, and 5.75% on income over $17,000. These brackets apply to Virginia taxable income after subtracting the standard deduction and personal exemptions. Source: Virginia Code 58.1-320.
What is Virginia's standard deduction for 2025?
For tax year 2025, Virginia's standard deduction is $8,750 for single filers and $17,500 for married couples filing jointly. Married filing separately filers may each claim $8,750. These amounts apply for tax years 2025 and 2026; the deduction is scheduled to revert to lower amounts from 2027 unless the Virginia General Assembly acts. Source: Virginia Code 58.1-322.03.
Does Virginia have local income taxes?
No. Virginia does not impose local income taxes at the city or county level. The 5.75% top rate is the only income tax Virginia residents pay to the state or any Virginia locality. Source: Virginia Department of Taxation.
What is Virginia's personal exemption amount?
Virginia allows a $930 personal exemption for the taxpayer, $930 for a spouse, and $930 per dependent. An additional $800 exemption applies for each person who is age 65 or older or blind. Source: Virginia Department of Taxation.
Official sources
- Virginia income tax rates applied to capital gains (tax year 2025): Virginia Department of Taxation, as at Jun 12, 2026.
Reviewed by the CalculatorHub team, edited by James Graham, 25 June 2026. See our methodology. General information, not financial or tax advice. State-specific exclusions, if any, are set by the Virginia Department of Taxation.