virginia state income tax rates 2022 Virginia state taxes deadline: commonwealth extends deadline for state

Hey y'all, it's tax season and Virginia has extended their state tax deadline! Don't fret, we got you covered with some info on both Virginia state taxes and federal tax rates.

Virginia State Taxes

First up, let's talk about Virginia state taxes. Did you know that the deadline has been extended? That's right, you now have until May 17, 2021 to file your state taxes. So make sure to take advantage of that, y'all.

So why are state taxes important? Well, it's because they help fund important government services such as education, healthcare, and public safety. And besides, nobody wants to get in trouble with the state government, am I right?

Federal Tax Rates

Now let's talk about federal tax rates. The current federal tax rate for single individuals making between $9,876 and $40,125 is 12%. For those making between $40,126 and $85,525, the rate is 22%. And for those making over $160,725, the rate is 32%. It's important to note that these rates are subject to change depending on new legislation and other factors.

So what can you do to make sure you're paying the right amount of federal taxes? Well, you can use online calculators or seek assistance from a certified tax professional. And remember, it's always better to err on the side of caution when it comes to taxes.

Conclusion

In conclusion, taxes may not be the most exciting thing in the world, but they are important. Whether it's Virginia state taxes or federal tax rates, it's crucial to stay informed and make sure you're paying what you owe. So take advantage of Virginia's extended deadline, y'all, and get those taxes filed!

And remember, always consult a certified tax professional or use online resources when in doubt. Happy Tax Season!

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