Virginia Nonresident Income Allocation Calculator

Allocate Virginia-source income for nonresidents using the apportionment ratio, compute state tax on Virginia wages and business income, and determine the credit for taxes paid to another state.

Principal ($)
Annual Rate (%)
Years
Compounding / Year
$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.
Advertisement

How It Works

Allocate Virginia-source income for nonresidents using the apportionment ratio, compute state tax on Virginia wages and business income, and determine the credit for taxes paid to another state

Each component has a specific meaning:

  • Apportionment ratio — The apportionment ratio recorded for the scenario being assessed.
  • Compute state tax on Virginia wages — The compute state tax on virginia wages recorded for the scenario being assessed.
  • Business income — The business income recorded for the scenario being assessed.
  • Determine the credit — The determine the credit recorded for the scenario being assessed.

Note: Interpret the va nonresident allocation result against the thresholds and context described above.

How to Use

Enter the apportionment ratio, compute state tax on Virginia wages, business income, determine the credit for the scenario you are assessing. Allocate Virginia-source income for nonresidents using the apportionment ratio, compute state tax on Virginia wages and business income, and determine the credit for taxes paid to another state. Use the va nonresident allocation result to inform your calculation.

Frequently Asked Questions