What are the tax rates for West Virginia?
The tax rates for West Virginia vary depending on the type of tax being referred to. For individuals, the state income tax rates range from 3% to 6.5%, depending on the individual's income level. The state sales tax rate is 6% on most purchases, with select transactions being subject to additional local sales taxes. County and municipal sales taxes also exist, ranging from 0.5% to 1%, which are added on top of the state sales tax rate. For businesses, the corporate income tax rate is a flat 6.5%. Additional taxes include property taxes, motor vehicle taxes, and excise taxes on alcohol, cigarettes, and gasoline. It is crucial to consult the West Virginia Department of Revenue's website or a tax professional for more detailed and up-to-date information on specific tax rates and regulations.
Answered May 3, 2024
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