West Virginia Paycheck Calculator
Calculate your take-home pay per paycheck for salary and hourly jobs after federal & West Virginia taxes
Updated for 2024 tax year on Jul 06, 2024
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How to calculate your West Virginia paycheck
Table of Contents
Overview of West Virginia
West Virginia has a population of over 1 million (2019) and is known for scenic mountain beauty and limitless outdoor recreation opportunities.
Brief summary:
- the income tax rate ranges from 2.36% to 5.12%
- no state-level payroll tax
- able to claim state-level exemptions
Understanding your West Virginia paycheck
Embark on a journey to uncover the mysteries of your West Virginia paycheck, a treasure trove of financial insights. In this expedition, we’ll explore the fascinating world of income tax, state exemptions, and pre-tax and post-tax deductions, ultimately unveiling the enigma that is your net pay. With this newfound knowledge, you’ll be ready to seize the helm and chart your course toward financial success in West Virginia.
Are you starting a new job or updating your tax information? The W-4 form is your trusty map, guiding your employer through the uncharted waters of federal income tax withholding. Based on your filing status, income, and dependents, the W-4 form ensures smooth sailing. Keep your map up-to-date by revising the W-4 whenever life takes an unexpected turn or your financial landscape shifts.
Sailing into West Virginia waters, you’ll encounter state income tax. As your income rises, so too does the tax rate, thanks to the progressive tax system. To determine the state income tax withheld from your paycheck, consult the West Virginia State Tax Department’s income tax rate schedule.
Our adventure continues as we delve into FICA taxes – deductions that fund the vitalSocial Security and Medicare programs. Like a trusty crew, employees and employers contribute to these crucial social safety nets, with employees typically contributing 7.65% of their wages (6.2% for Social Security and 1.45% for Medicare).
Next, we discover hidden treasures in the form of pre-tax deductions. Deducted from your gross pay before taxes are calculated, these valuable gems include contributions to retirement plans like 401(k)s and Health Savings Accounts (HSAs). By contributing to these programs, you lower your taxable income and set your sights on a secure financial future.
After calculating your taxable income, we encounter post-tax deductions. These may include union dues, charitable donations, wage garnishments, and after-tax contributions to retirement accounts. Understanding the deductions that apply to you is crucial, as they impact the gold doubloons left in your net pay.
At the end of our thrilling journey, we unearth your net pay – the amount deposited into your bank account. Regularly reviewing your pay stubs ensures the accuracy of deductions and offers a spyglass into how your financial choices impact your take-home pay.
Consider contributing to tax-advantaged accounts like 401(k) plans and HSAs to maximize your tax situation. These pre-tax contributions can lower your taxable income, potentially reducing your taxes and bolstering your financial future.
Calculate your West Virginia paycheck
Calculating your West Virginia state income tax is similar to the steps we listed on our main paycheck calculator page:
- Determine your gross income
- Annual salary
Annual salary = Gross income - Hourly wage
Hourly wage × Hours worked per day × Days worked per week × Weeks worked per year = Your weekly paycheck
- Annual salary
- Work out your total federal income tax
- Gross income adjusted
Gross income − Pre-tax deductions = Gross income adjusted - Federal taxable income
Gross income adjusted − Federal standard/itemized deductions = Federal taxable income - Federal income tax liability
Federal taxable income × Federal income tax rate = Federal income tax liability - Federal payroll tax liability
Gross income × Federal payroll tax rate = Federal payroll tax liability
- Gross income adjusted
- Calculate your total West Virginia state income tax
- West Virginia state taxable income
Gross income adjusted − (West Virginia state itemized deductions + West Virginia state exemptions) = West Virginia state taxable income - West Virginia state income tax liability
West Virginia state taxable income × West Virginia state income tax rate = West Virginia state income tax liability
- West Virginia state taxable income
- Figure out your net pay
You need to account for any other deductions such as health insurance, 401(k) contribution, as well as additional withholdings.
Gross income − (Total income tax liability + Total payroll tax liability + Total pre-tax deductions + Total post-tax deductions + Total withholdings) = Your net pay - Divide your net pay by your pay frequency
- Daily
Your net pay / Days worked per week / Weeks worked per year = Your daily paycheck - Weekly
Your net pay / 52 = Your weekly paycheck - Bi-weekly
Your net pay / 26 = Your bi-weekly paycheck - Semi-monthly
Your net pay / 24 = Your semi-monthly paycheck - Monthly
Your net pay / 12 = Your monthly paycheck - Quarterly
Your net pay / 4 = Your quarterly paycheck - Semi-annual
Your net pay / 2 = Your semi-annual paycheck - Annual
Your net pay = Your annual paycheck
- Daily
State income tax brackets
Each filer type has different progressive tax rates. Refer to Tax Foundation for more details.
Tax year | Filing status | Taxable income | Rate |
---|---|---|---|
2024 2023 |
Single Married, Filing Jointly or Widow(er) Head of Household |
$0 - $10,000 | 2.36% |
$10,000 – $25,000 | 3.15% | ||
$25,000 – $40,000 | 3.54% | ||
$40,000 – $60,000 | 4.72% | ||
$60,000+ | 5.12% | ||
Married, Filing Separately | $0 - $5,000 | 2.36% | |
$5,000 - $12,500 | 3.15% | ||
$12,500 - $20,000 | 3.54% | ||
$20,000 - $30,000 | 4.72% | ||
$30,000+ | 5.12% | ||
2022 2021 2020 |
Single Married, Filing Jointly or Widow(er) Head of Household |
$0 – $10,000 | 3.00% |
$10,000 – $25,000 | 4.00% | ||
$25,000 – $40,000 | 4.50% | ||
$40,000 – $60,000 | 6.00% | ||
$60,000+ | 6.50% | ||
Married, Filing Separately | $0 – $5,000 | 3.00% | |
$5,000 – $12,500 | 4.00% | ||
$12,500 – $20,000 | 4.50% | ||
$20,000 – $30,000 | 6.00% | ||
$30,000+ | 6.50% |
State exemptions
There are state-level exemptions for all types of filers and dependents. Refer to Tax Foundation for more details.
Tax year | Filing status | Personal exemption amount |
---|---|---|
2024 2023 2022 2021 2020 |
Single Married, Filing Separately Head of Household |
$2,000 |
Married, Filing Jointly or Widow(er) | $4,000 | |
Dependent(s) | $2,000 |
FAQs
How to calculate take home pay in West Virginia?
Do the following steps to get your take-home pay:
- Determine your gross income
- Work out your total federal income tax
- Calculate your total West Virginia state income tax
- Gross income minus taxes, deductions and withholdings
- Divide your net pay by your pay frequency
How much will West Virginia tax paychecks in 2024?
For the 2024 tax year, West Virginia imposes state income tax rates from 2.36% up to 5.12%.
How much is taken out of my paycheck in West Virginia?
First, taxes such as federal/state income tax, Social Security and Medicare are deducted from your wage. Then there might be deductions and withholdings. The total amount taken out depends on your gross income and chosen benefits.
What percentage of my paycheck goes to taxes in West Virginia?
The taxes on your paycheck include
- federal income tax (10% to 37%)
- state income tax (2.36% up to 5.12%)
- Social Security (6.2%)
- Medicare (1.45% to 2.35%)