How to Calculate 2020 West Virginia State Income Tax by Using State Income Tax Table
1. Find your income exemptions
2. Find your pretax deductions, including 401K, flexible account contributions ...
3. Find your gross income
4. Check the 2020 West Virginia state tax rate and the rules to calculate state income tax
5. Calculate your state income tax step by step
6. If you want to simplify payroll tax calculations, you can download
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Tax rate used in calculating West Virginia state tax for year 2020
State Abbreviation:
WV
State Tax Withholding
State Code:
54
Acceptable Exemption
Form:
WV/IT-104
Basis For Withholding:
State Exemptions
Acceptable Exemption
Data:
0 (zero), N
/ Number of Exemptions
TSP Deferred:
Yes
Special Coding:
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).
Additional Information
None
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Withholding Formula (West Virginia Effective 2020)
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.
Tax
Withholding Table Option One Earner/One Job Table
(Filing
Status N)
If the Amount
of
Taxable Income Is:
The Amount of
West Virginia
Tax Withholding Should Be:
Over:
But Not
Over:
Of Excess
Over:
$ 0
$ 10,000
$ 0
plus
3.0%
$ 0
10,000
25,000
300
plus
4.0%
10,000
25,000
40,000
900
plus
4.5%
25,000
40,000
60,000
1,575
plus
6.0%
40,000
60,000
and over
2,775
plus
6.5%
60,000
Two Earner/Two or More Jobs Table
(Filing
Status O)
If the Amount
of
Taxable Income Is:
The Amount of
West Virginia
Tax Withholding Should Be:
Over:
But Not
Over:
Of Excess
Over:
$ 0
$ 6,000
$ 0
plus
3.0%
$ 0
6,000
15,000
180
plus
4.0%
6,000
15,000
24,000
540
plus
4.5%
15,000
24,000
36,000
945
plus
6.0%
24,000
36,000
and over
1,665
plus
6.5%
36,000
Divide the annual West Virginia
tax withholding by 26 and round to the nearest dollar to obtain the
biweekly West Virginia tax withholding.
More Payroll Information for West Virginia Small Business
in house payroll tax solution for West Virginia small businesses here.
