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How Richmond, Virginia Income Tax & Salary Deductions Work

Richmond, Virginia's capital, is a historic city with a rapidly modernizing economy. With a moderate cost of living, growing tech scene, and rich cultural heritage, Richmond offers professionals a balanced lifestyle between the mountains and the coast.

Did you know? Richmond is the only city in the US with Class III and IV whitewater rapids running through its downtown. The city's craft beer scene, historic architecture, and vibrant arts district have made it one of the South's coolest cities.

The median household income in Richmond is approximately $52,000, with strong employment in finance (Capital One), government, healthcare, higher education, and a growing technology sector.

Understanding Your Richmond, Virginia Paycheck Deductions

When you receive your paycheck in Richmond, Virginia, several deductions are automatically taken out. These include federal income tax, state income tax, local taxes, Social Security, and Medicare. Our calculator breaks down each of these components so you can see exactly where your money goes.

Richmond, Virginia Federal & State Tax Rates 2026

The tax rates in Richmond, Virginia are determined by multiple factors including your income level, filing status, and location. Federal taxes apply to all US residents, while state and local taxes vary significantly by location. Use our calculator above to see your personalized tax breakdown.

Where Your Money Goes in Richmond, Virginia

75.3%
11.7%
6.2%
1.5%
5.4%

Net Pay

$56,447

Federal Tax

$8,761

Social Security

$4,650

Medicare

$1,088

State Tax

$4,055

Tax TypeRateAmount
Federal Tax11.68%$8,761
Social Security6.20%$4,650
Medicare1.45%$1,088
State Tax5.41%$4,055
Total Tax24.74%$18,553

Salary Calculators Near Richmond, Virginia

Compare tax rates and take-home pay in nearby locations

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Virginia Beach

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Arlington

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Frequently Asked Questions

On a salary of $75,000 in Richmond, Virginia, you would pay approximately $18,553 in total taxes, which represents an effective tax rate of 24.74%. This includes all applicable federal, state, and local taxes, as well as social insurance contributions.

Tax Tips for Richmond

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