VIRGINIA CAPITAL GAINS TAX · TAX YEAR 2026
Virginia capital gains tax calculator
Virginia taxes capital gains as ordinary income, at rates from 2% to 5.75%, with no lower rate for long-term gains. On a $50,000 long-term gain with $75,000 of wages, a single filer owes $2,875 of Virginia tax and $7,500 of federal income tax, $10,375 in all, and keeps $39,625.
Tax on your gain
- Total tax on the gain
- $10,375.00
- Federal income tax
- $7,500.00
- Net investment income tax
- $0.00
- Virginia tax
- $2,875.00
- After-tax gain
- $39,625.00
- Effective rate
- 20.75%
Virginia tax by size of gain
What a single filer with $75,000 of wages owes on a long-term gain. Federal tax includes the net investment income tax.
| Gain | Federal tax | State tax |
|---|---|---|
| $10,000 | $1,500 | $575 |
| $50,000 | $7,500 | $2,875 |
| $100,000 | $15,000 | $5,750 |
| $250,000 | $42,250 | $14,375 |
| $1,000,000 | $208,920 | $57,500 |
Virginia capital gains tax questions
Does Virginia tax capital gains?
Yes. Virginia taxes capital gains as ordinary income, at rates from 2% to 5.75%, with no lower rate for long-term gains.
How much Virginia tax is due on a capital gain?
A single filer with $75,000 of wages owes $2,875 of Virginia tax on a $50,000 long-term gain, 5.75% of the gain, and $14,375, 5.75%, on a $250,000 gain. Federal tax on the same gains is $7,500 and $42,250.
Does Virginia tax short-term capital gains differently?
No. Virginia taxes a $50,000 short-term gain the same as a long-term one: $2,875 of Virginia tax. Federal tax is what changes: $11,064 on the short-term gain against $7,500.
What the calculator leaves out
- Virginia subtracts gain from real property taken by condemnation, and long-term gain from qualified business investments made from April 2010 through June 2020.
Federal tax stacks the gain on wages after the 2026 standard deduction, taxes a long-term gain at the long-term capital gains rates and a short-term gain at the ordinary brackets, and adds the net investment income tax. The gain is the only investment income. Capital losses and carryovers, qualified dividends, the collectibles and section 1250 rates, the alternative minimum tax and credits are left out; enter a home sale's gain after any federal exclusion.