How much should freelancers in Virginia set aside for taxes?
As an estimate, a self-employed person in Virginia with $50,000 of profit should set aside about 24% of that profit, rising to about 27% at $100,000. That covers federal income tax and self-employment tax, plus Virginia state income tax. Here's where the numbers come from.
Virginia's 2026 income tax at a glance
Rates and brackets are as of January 1, 2026, for single filers, from the Tax Foundation's annual state survey. Married couples filing jointly usually get wider brackets.
| Virginia | |
|---|---|
| Structure | Graduated, 2% to 5.75% across 4 brackets |
| Top rate | 5.75% on single-filer income over $17,000 |
| Planning rate at $50,000 profit | 5.2% |
| Planning rate at $100,000 profit | 5.5% |
Picking a planning rate for a graduated tax
Virginia taxes each slice of income at a higher rate as you earn more, so there isn't one number. Our calculator takes a single state rate, so use your planning rate: the average Virginia rate on your income, before state deductions and credits. Because it skips those, it leans slightly high, which is the safe direction for a set-aside.
At $50,000 of profit that's about 5.2%; at $100,000 it's about 5.5%. Don't use the top rate (5.75%) unless your income is above $17,000. It would make you over-save.
| Single-filer taxable income over | Rate |
|---|---|
| $0 | 2% |
| $3,000 | 3% |
| $5,000 | 5% |
| $17,000 | 5.75% |
How much to set aside in Virginia
Estimated total tax as a share of profit for a single filer with no other job: federal income tax, self-employment tax and Virginia income tax, using 2026 rules and the standard deduction. Save this share of each payment after business expenses.
| Profit | Federal + SE tax | VA tax (est.) | Set aside |
|---|---|---|---|
| $30,000 | $5,181 | $1,346 | 22% |
| $50,000 | $9,732 | $2,414 | 24% |
| $75,000 | $15,495 | $3,750 | 26% |
| $100,000 | $22,365 | $5,086 | 27% |
| $150,000 | $37,608 | $7,758 | 30% |
Local and business taxes to know about
Many Virginia cities and counties charge a business license (BPOL) tax on gross receipts once you pass a local threshold.
These aren't included in the figures above.
Virginia estimated tax payments
Virginia expects freelancers who will owe state tax to pay during the year too. Most states use the same four dates as the IRS, but a few don't, so confirm the dates and payment options with the Virginia Department of Taxation.
An easy habit: when you make each federal quarterly payment, make the state one the same day.
Know your number for every payment.
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Frequently asked questions
Does Virginia have a state income tax?
Yes. For 2026 it's graduated, 2% to 5.75% across 4 brackets, according to the Tax Foundation's survey of rates as of January 1, 2026.
What percentage should I set aside for taxes in Virginia?
As an estimate, a single freelancer with no other job should save about 24% of profit at $50,000 and 27% at $100,000, covering federal income tax, self-employment tax and state income tax. A day job, a spouse's income, local taxes or big write-offs change the number, so use the calculator for yours.
What state rate should I enter in a tax calculator for Virginia?
Use your planning rate: about 5.2% at $50,000 of profit or 5.5% at $100,000. It's the average Virginia rate on that income before deductions and credits, so it leans slightly high.
Sources
Related
- How much to set aside for taxes in Maryland (2026)
- How much to set aside for taxes in District of Columbia (2026)
- How much to set aside for taxes in West Virginia (2026)
- How much to set aside for taxes in Kentucky (2026)
- How much to set aside for taxes on 1099 income (2026)
- 2026 quarterly estimated tax deadlines for freelancers
Estimates and general information, not tax advice. Check with a tax professional for your situation.