If you’re wondering, “How do I figure out how much money I take home in West Virginia?” we’ve got you covered.
Use our simple paycheck calculator to estimate your net or “take home” pay after taxes, as an hourly or salaried employee in West Virginia.
Paycheck Calculator
Paycheck Calculator
Disclaimer: Please note that this paycheck calculator is designed to provide an estimate and should not be considered as professional tax advice. The actual withholding amounts and taxes owed may vary depending on individual circumstances and other factors. For accurate and personalized tax advice, we recommend consulting with a tax professional.
If your gross pay is $46,836.00 per year in the state of West Virginia, your net pay (or take home pay) will be $37,509.60 after tax deductions of 19.91% (or $9,326.40). Deductions include a total of [1] 8.24% (or $3,860.82) for the federal income tax, [2] 4.02% (or $1,882.63) for the state income tax, [3] 6.20% (or $2,903.83) for the social security tax and [4] 1.45% (or $679.12) for Medicare.
The Federal Income Tax is collected by the government and is consistent across all U.S. regions. In contrast, the State Income Tax is levied by the state of residence and work, leading to substantial variations. The Social Security Tax is used to fund Social Security, which benefits retirees, persons with disabilities and survivors of deceased workers. Medicare involves a federal payroll tax designated for the Medicare insurance program. As of 2022, Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not levy a state income tax.
Meanwhile, get ahead with our free resources:
How Does the Paycheck Calculator Work?
Input your salary information, such as wage and pay frequency, and our tool will handle the tax calculations for you. Once you’ve filled in all the information, click the “Calculate Tax” button, and the calculator will provide an estimate of your net or “take home” pay for the specified pay period.
Overview of West Virginia Taxes
West Virginia employs a graduated individual income tax structure with rates varying from 3% to 6.50%. Additionally, some jurisdictions within the state collect local income taxes.
The state no longer taxes Social Security benefits, military pensions and Railroad Retirement benefits, are fully exempt. Moreover, income from federal and West Virginia state or local government retirement plans for police, sheriffs and firefighters is also tax-exempt.
West Virginia imposes a state sales tax rate of 6% but local jurisdictions have the authority to add an additional tax of up to 1%. This means the average combined state and local sales tax rate is at approximately 6.57%.
The state taxes products like diapers and menstrual items but offers tax relief on essential goods such as groceries and prescription drugs.
Property taxes in the Mountain State are notably lower than in many other states, with an average median tax bill of just $756. Retirees aged 65 and older, or those with a total and permanent disability, benefit from tax exemptions on the first $20,000 of their home’s assessed value.
The state doesn’t impose estate or inheritance taxes, providing additional financial benefits to residents.
For drivers, gasoline and diesel taxes in West Virginia are $0.372 per gallon.
Median Household Income in West Virginia
West Virginia’s economy has faced significant challenges in recent years, resulting in its ranking of 47th in the United States for economic performance.
The state has grappled with issues such as population decline, an aging workforce, and a historical dependence on industries like coal mining, which have experienced downturns.
West Virginia’s employment growth over the past five years has been at a modest annualized rate of 0.7%, falling behind the national average of 3.7%. The primary sectors driving employment in West Virginia include Healthcare and Social Assistance, Retail Trade and Accommodation and Food Services
Salaries in West Virginia vary widely based on position. However, the median household income can give you a glimpse at the average salary a household is earning in this state.
| Year | Median Household Income |
|---|---|
| 2021 | $46,836 |
| 2020 | $51,973 |
| 2019 | $53,706 |
| 2018 | $50,573 |
| 2017 | $46,957 |
| 2016 | $44,354 |
| 2015 | $42,824 |
| 2014 | $39,552 |
| 2013 | $43,069 |
| 2012 | $43,553 |
| 2011 | $41,821 |
Tips for Maximizing Your Paycheck
Here are some tips to help you maximize your paycheck:
- Create a detailed budget to track your income and expenses
- Identify non-essential expenses and cut back on them
- Be aware of available tax deductions
- Investigate tax credits that you may be eligible for
- Keep tabs on your spending habits using apps or budgeting tools
- Explore opportunities for side gigs or freelance work
