West Virginia Income Tax Structure

West Virginia has a progressive income tax system with five tax brackets ranging from 3.0% to 6.5% for 2024. West Virginia uses the same tax brackets for all filing statuses and generally follows federal tax guidelines for deductions.

2024 West Virginia Tax Brackets (all filing statuses):

• 3.0% on income between $0 and $10,000
• 4.0% on income between $10,001 and $25,000
• 4.5% on income between $25,001 and $40,000
• 6.0% on income between $40,001 and $60,000
• 6.5% on income over $60,001

West Virginia Deductions and Exemptions

For 2024, West Virginia follows the federal standard deduction amounts:

• Single: $13,850
• Married Filing Jointly: $27,700
• Head of Household: $20,800
• Married Filing Separately: $13,850

Unlike some states, West Virginia does not have its own personal exemptions for taxpayers or dependents.

West Virginia Tax Credits

West Virginia offers several tax credits, including:

• Family Tax Credit: Eliminates tax liability for incomes under $10,000 and provides partial relief for incomes between $10,000 and $25,000
• Senior Citizen Tax Credit: For eligible taxpayers 65 or older
• Earned Income Tax Credit: 15% of the federal EITC
• Credit for Income Tax Paid to Other States: For West Virginia residents who earn income in and pay taxes to other states

Federal Income Tax

Federal income tax is based on federal tax brackets, your filing status, deductions, and W-4 allowances. Pre-tax deductions like 401(k) or HSA contributions reduce your federal taxable income.

FICA Taxes

FICA taxes fund Social Security and Medicare.

• Social Security: 6.2% on income up to $168,600 for 2024.
• Medicare: 1.45% on all income, with an additional 0.9% on income above certain thresholds.

Other West Virginia Taxes

• Sales Tax: West Virginia has a 6% state sales tax rate. Municipalities can impose an additional sales tax of up to 1%, bringing the maximum combined rate to 7%.
• Property Tax: West Virginia has relatively low property taxes with an average effective property tax rate of approximately 0.57% of a property's assessed value, which is among the lowest in the nation.
• No Estate or Inheritance Tax: West Virginia does not impose estate or inheritance taxes.

Disclaimer: This information is for general guidance for the 2024 tax year and is not tax advice. Consult a tax professional for personalized advice.