Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
I
independenceautorepairva
March 16, 2025
Question

Can I have some clarification on paying Virginia income tax at the entity level?

  • March 16, 2025
  • 1 reply
  • 0 views
I don’t know if this should apply to me or not.

    1 reply

    B
    BrittanyS
    March 21, 2025

    Virginia has an election for Pass Through Entity Tax.  According to the Virginia Department of Taxation.  "Under Virginia law, pass-through entities (PTEs) can choose to pay Virginia income tax at the entity level, and eligible owners of the PTE can receive corresponding credits. The general effect of this is to transfer the Virginia income tax liability on the PTE’s income from the PTE’s eligible owners to the PTE itself. Electing PTEs are taxed at a rate of 5.75%. "

     

    See more on PTE's below:

     

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification