Virginia Retirement Income Tax Calculator

Retirement income tax calculation for Virginia. Virginia has no pension/IRA exclusion: entered pension, 401(k), IRA, and interest/dividend income remain ordinary income, while Social Security is subtracted. This page assumes every filer is age 65+, born after January 1, 1939, and takes the federal standard deduction. It applies Virginia's TY2026 $8,750 single / $17,500 joint standard deduction, $930 personal and $800 aged exemptions per filer, the income-tested $12,000-per-filer age deduction, then Virginia's exact 2%-5.75% brackets. Disability/low-income credits, military and U.S.-obligation subtractions, itemized deductions, conformity adjustments, and the Virginia Spouse Tax Adjustment are not modeled. Recheck by 2026-12-15. Federal tax uses the final 2026 brackets and standard deduction from IRS Revenue Procedure 2025-32, plus the section 63(f) additional standard deduction for age 65+ — $2,050 for a single filer and $1,650 per qualifying spouse (so $3,300 when both spouses are 65+ on a joint return). It does NOT apply the separate enhanced deduction for seniors under 26 U.S.C. §151(d)(5)(C) ($6,000 per qualified individual age 65+, claimed on Schedule 1-A Part V and phased out by 6% of MAGI over $75,000 single / $150,000 joint, available for tax years beginning before January 1, 2029). If you and your spouse are both 65+ and under that phase-out, the unmodelled deduction is worth up to $12,000 of additional federal deductions, so the federal tax shown here is deliberately CONSERVATIVE (too high) rather than optimistic — use the dedicated senior deduction calculator to model it.