VA → FL Tax Savings

How Much Would You Save: Virginia vs Florida Taxes

Virginia taxes income up to 5.75%. Florida charges 0%. Compare the two side by side and see your potential savings.

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Virginia vs Florida: Tax Comparison

See how Virginia's tax structure compares to Florida across every major tax category.

Tax Category	Virginia	Florida
State Income Tax	Up to 5.75%	0%
Capital Gains Tax	Yes	No
State Estate Tax	No	No
Homestead Property-Tax Relief	Check state eligibility	Available to qualifying homeowners

Your Potential Tax Savings

Estimated annual state income tax savings when moving from Virginia to Florida, computed from Virginia's income tax brackets for a single filer.

Annual Income

$100,000

You Could Save

$4,936/yr

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Annual Income

$150,000

You Could Save

$7,811/yr

≈ $78,110 over a decade

Annual Income

$250,000

You Could Save

$13,561/yr

Annual Income

$500,000

You Could Save

$27,936/yr

Florida residents pay 0% state income tax. The figures above run each income through Virginia's 2026 individual income tax brackets for a single filer, after the state's standard deduction and before credits (California figures use the latest published 2025-indexed brackets). They cover state income tax only; local income taxes, filing status, and state-specific deductions can change your number. For a personalized projection, book a free consultation.Rate source: Tax Foundation 2026 State Individual Income Tax Rates and Brackets, with statutory 2026 overrides where post-publication legislation applies (Georgia HB 463, Kentucky HB 1, Ohio HB 96, Maryland BRFA 2025, North Carolina continuing decline, plus phasedowns in MS, NE, ID, MT, SC, IN, OK, UT per state DOR).

Key Tax Facts: Virginia

What you need to know about Virginia's tax environment before making your move.

Virginia's top marginal individual income tax rate in this 2026 wage-income comparison is 5.75%. Deductions, taxable-income thresholds and credits affect the amount actually paid.

Virginia taxes capital gains as regular income at rates up to 5.75%.

Virginia does not have a state estate or inheritance tax.

Northern Virginia residents face high cost of living combined with state income tax.

What this Virginia comparison includes

The comparison models a full year of wage income for a single filer in Virginia. A top marginal rate is not the rate paid on every dollar. A move during the year, continuing Virginia-source income, credits and local taxes can change the result.

Tax data used: 2026 schedule. Tax Foundation 2026 State Individual Income Tax Rates and Brackets
Single-filer standard deduction in the model: $8,750 before any modeled income-based reduction. Personal exemptions and credits are separate; this figure is not a filing threshold.

Establishing Florida domicile does not automatically end another state's statutory residency or source-income rules. Keep a dated move record, a travel calendar and records of income connected with your former state. A mailing address or declaration alone does not determine tax residency.

Check current guidance from Virginia Department of Taxation. Check why tax may remain due after moving.

Virginia: distinguish domicile, actual residence and a part-year move

Virginia distinguishes domiciliary and actual residents and provides Form 760PY for qualifying part-year situations. Living elsewhere on paper does not answer the actual-residence question. Check residence facts before choosing a form, and identify Virginia-source income that continues after departure.

Records to bring to your preparer

Actual living arrangements and Virginia dates
Evidence of the intended permanent move
Resident-period income and any later Virginia-source income

Virginia residency classifications

Source checked September 17, 2026. Select instructions for the year you file; this is a planning question, not a filing determination.

Why Almost Every Virginia Earner Pays the Top 5.75% Rate

Virginia has a graduated income tax on paper, but in practice it behaves like a flat tax for most working residents. The top rate of 5.75% begins at just $17,000 of taxable income, one of the lowest top-bracket thresholds in the country. That means virtually every full-time worker in Virginia pays the top marginal rate on the large majority of their earnings. On a $100,000 income, Virginia collects roughly $5,000 in state income tax each year. A Florida resident earning the same income pays nothing.

Compounding the issue, Virginia's brackets have not been adjusted for inflation in decades. As wages rise, more income is pushed into that top 5.75% band, a phenomenon called bracket creep. Florida sidesteps the entire problem with a 0% rate that cannot creep, because there is no income tax bracket to climb.

Northern Virginia residents feel this most acutely. The Washington suburbs combine some of the highest housing and living costs on the East Coast with the full state income tax, so high earners in Arlington, Alexandria, and Loudoun County lose a substantial share of their income to Richmond every year. Relocating your domicile to Florida removes the state income tax layer entirely while keeping you in the same Eastern time zone for work.

Investment income receives the same treatment. Virginia taxes capital gains as ordinary income at up to 5.75%, while Florida taxes them at 0%. For anyone realizing gains from equity compensation, a business sale, or a real estate transaction, the difference can be significant in the year of the sale. Neither state has an estate tax, but Florida adds an constitutional homestead protection, subject to acreage limits and exceptions and the strongest creditor protection in the nation.

The move is logistically simple given the shared time zone and direct travel routes, but it has to be documented to hold up. Actual home and intent matter, with documents providing supporting evidence. If you retain Virginia property, review domicile and the separate abode-and-day test; do not rely on a universal 183-day limit. Our Florida domicile service sets up and documents every step.

Virginia vs Florida: Side by Side

Explore the practical steps involved in moving from Virginia to Florida.

Virginia charges up to 5.75% income tax; Florida charges 0%.

Virginia taxes capital gains at up to 5.75%; Florida has no capital gains tax.

Neither state has an estate tax, but Florida provides stronger creditor protection.

At $150,000 of annual wage income, this model estimates $7,811 of Virginia state income tax for a single filer, versus no Florida individual income tax. This is a full-year comparison, excludes local taxes and does not calculate a move-year return.

Plan the departure from Virginia

Use the state migration guide to connect the calculation with residence, payroll and filing decisions. For Florida documents, follow the evidence checklist. A document package does not itself end Virginia tax obligations.

Frequently Asked Questions

How much will I save by moving from Virginia to Florida?

Virginia has a top income tax rate of 5.75%. Florida has 0% income tax. A single filer earning $150,000 could save approximately $7,811 per year, and one earning $250,000 approximately $13,561 per year (2026 rate schedules, after Virginia's standard deduction, state income tax only, before credits). Actual savings depend on your filing status and total income.

Virginia: distinguish domicile, actual residence and a part-year move

Will I still owe Virginia taxes after I move to Florida?

You may owe Virginia tax for the resident portion of the year and on Virginia-source income after leaving, such as rent from property there. Also check any statutory-residency and remote-work sourcing rules. Florida domicile alone does not settle these separate questions.