Tax rate used in calculating West Virginia state tax for year 2024
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State Abbreviation:
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WV
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State Tax Withholding
State Code:
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54
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Acceptable Exemption
Form:
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WV/IT-104
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Basis For Withholding:
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State Exemptions
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Acceptable Exemption
Data:
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0 (zero), N
/ Number of Exemptions
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TSP Deferred:
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Yes
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Special Coding:
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Determine the Total Number
Of Allowances field as follows:
First Position
- N = One Earner/One Job; 0 = Two Earners/Two or More Jobs
Second and Third
Positions - Enter the number of exemptions
claimed. If less than 10, precede with a 0 (zero).
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Additional Information
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None
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Withholding Formula (West Virginia Effective 2024)
- Subtract the biweekly Thrift Savings Plan contribution
from the gross biweekly wages.
- Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health care and dependent care deductions) from the
adjusted gross biweekly wages.
- Add taxable fringe benefits (taxable life insurance,
etc.) to the adjusted gross biweekly wages.
- Multiply the adjusted gross biweekly wages by 26
to obtain the annual wages.
- Determine the exemption allowance by applying the
following guideline and subtract this amount from the result of step
4 to compute the taxable income.
Exemption Allowance = $2,000 x Number of Exemptions
- Apply the taxable income computed in step 5 to the
following table to determine the West Virginia annual tax withholding.
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Tax
Withholding Table
Option One Earner/One Job Table
(Filing
Status N)
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If the Amount
of
Taxable Income Is:
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The Amount of
West Virginia
Tax Withholding Should Be:
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Over:
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But Not
Over:
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|
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Of Excess
Over:
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$ 0
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$ 10,000
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$ 0
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plus
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2.36%
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$ 0
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10,000
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25,000
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236
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plus
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3.15%
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10,000
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25,000
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40,000
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708.5
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plus
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3.54%
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25,000
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40,000
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60,000
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1,239,5
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plus
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4.72%
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40,000
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60,000
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and over
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2,183.5
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plus
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5.12%
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60,000
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Two Earner/Two or More Jobs Table
(Filing
Status O)
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If the Amount
of
Taxable Income Is:
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The Amount of
West Virginia
Tax Withholding Should Be:
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Over:
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But Not
Over:
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|
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Of Excess
Over:
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$ 0
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$ 7,500
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$ 0
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plus
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2.36%
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$ 0
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7,500
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18,750
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177
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plus
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3.15%
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7,500
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18,750
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30,000
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531.38
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plus
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3.54%
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18,750
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30,000
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45,000
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929.63
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plus
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4.72%
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30,000
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45,000
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and over
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1,637.63
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plus
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5.12%
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45,000
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- Divide the annual West Virginia
tax withholding by 26 and round to the nearest dollar to obtain the
biweekly West Virginia tax withholding.
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in house payroll tax solution for West Virginia small businesses here.
