Virginia state tax basis is the Federal Adjusted Gross Income (AGI).

Interest/Divident Income: Interest and Divident income from U.S. government bonds are exempt from State Taxes.

Rent Income: Same as federal

Capital Gain: Exclusion for gains on land sales for open space use

Unemployment Income: Unemployment income is exempt from state taxes.

Social Security Benefits: All social security income is exempt from state taxes.

State Bond Interest: Taxable except Virginia obligations

Health Savings Accounts: Same as federal

Disability: Deduction of up to $20,000/person

Lottery: Virginia lottery prizes of less than $600 exempt

Federal Income Tax: Not deductible

Other Taxes: Age based deductions for persons aged 64 and above, with income phase-out ranges for specific age groups. Subtractions for: $1,000 per child for foster parents; the salary for a federal or state employee with a total annual salary of less than $15,000; child and dependent care expenses; long-term care health insurance premiums; Avian influenza indemnification payments; income from peanut quota buyouts; bone marrow donor screening fees;

Check other state tax links below.