Virginia Freelance & 1099 Tax Calculator
Calculate freelance and 1099 taxes in Virginia. See self-employment tax, federal income tax, and Virginia state tax up to 5.75%. Quarterly estimate included.
How This Calculator Works
Calculation methodology and assumptions
Freelance tax calculator for Virginia. Net self-employment income = gross income − business expenses. Self-employment tax = 92.35% of net income × 15.3% (12.4% Social Security up to $168,600 + 2.9% Medicare). Half of SE tax is deductible. Federal income tax uses 2026 brackets. Virginia income tax applies at rates up to 5.75%. Quarterly estimated taxes = total tax ÷ 4.
Key State Information
Virginia freelance facts: State income tax up to 5.75%. Median household income: $80,615 | COL index: 103.7. LLC filing fee: $100 | Annual fee: $50.
Frequently Asked Questions
How much tax do freelancers pay in Virginia?
Freelancers in Virginia pay self-employment tax (15.3% on net earnings), federal income tax (10-37%), and Virginia state income tax (up to 5.75%). On $75,000 net income, total tax is typically $18,000-$25,000 depending on deductions.
Do freelancers need to pay quarterly taxes in Virginia?
Yes. The IRS requires quarterly estimated tax payments if you expect to owe $1,000+ in annual tax. Virginia also requires quarterly state estimated tax payments. Due dates: April 15, June 15, September 15, January 15.
What business expenses can freelancers deduct in Virginia?
Common deductions include: home office (simplified: $5/sq ft up to 300 sq ft), internet/phone (business %), equipment, software, health insurance premiums, vehicle/mileage ($0.67/mile in 2024), professional development, and retirement contributions (SEP-IRA up to 25% of net earnings or Solo 401k up to $69,000).
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