Virginia Business Tax Deadlines (2026)
Next: May 1 — Virginia Individual Income Tax return due
Next Deadline: May 1 — Virginia Individual Income Tax return due
Federal Tax Deadlines (2026)
| Form | Who Files | Due Date | Extension Deadline |
|---|---|---|---|
| Form 1040 (Schedule C) | Sole proprietors | April 15 | October 15 |
| Form 1065 | Partnerships, Multi-member LLCs | March 15 | September 15 |
| Form 1120-S | S-Corporations | March 15 | September 15 |
| Form 1120 | C-Corporations | April 15 | October 15 |
| Form 990 | Nonprofits | May 15 | November 15 |
| Estimated Taxes (Q1-Q4) | All | Apr 15, Jun 15, Sep 15, Jan 15 2027 | — |
Virginia State Tax Deadlines (2026)
| Tax Type | Who Files | Due Date | Extension Deadline |
|---|---|---|---|
| Individual Income Tax (Form 760) | Individuals, sole proprietors | May 1 | November 1 (automatic 6-month) |
| Estimated Income Tax (Q1-Q4) | Individuals owing $150+ | May 1, Jun 15, Sep 15, Jan 15 2027 | — |
| Corporate Income Tax (Form 500) | C-Corporations | April 15 (calendar year) | October 15 |
| S-Corp Return (Form 502) | S-Corporations | March 15 | September 15 |
| Partnership Return (Form 502) | Partnerships | March 15 | September 15 |
| Sales & Use Tax | Businesses with taxable sales | Monthly (20th) | — |
| Payroll — Employer Withholding | Employers | Monthly, quarterly, or seasonal | — |
| Business License Tax (BPOL) | Businesses in participating localities | March 1 (most localities) | — |
| Annual Report/Registration Fee | Corporations and LLCs | Anniversary month ($25 fee) | — |
Quarterly Estimated Tax Deadlines in Virginia
Virginia's estimated tax schedule is slightly different from the federal schedule. Notably, the first payment aligns with the May 1 state filing deadline:
| Quarter | Due Date |
|---|---|
| Q1 | May 1 |
| Q2 | June 15 |
| Q3 | September 15 |
| Q4 | January 15, 2027 |
Estimated payments are required if you expect to owe $150 or more in Virginia income tax after withholding and credits. The threshold is lower than most states.
Virginia-Specific Tax Requirements
Virginia imposes a graduated individual income tax with four brackets: 2% on the first $3,000, 3% on $3,001–$5,000, 5% on $5,001–$17,000, and 5.75% on income over $17,000. While the top rate kicks in at a low threshold, the 5.75% rate is moderate compared to neighboring states. A key difference: Virginia's individual income tax return is due May 1, not April 15. This gives Virginia filers an extra two weeks compared to most states.
The Corporate Income Tax is a flat 6% on net income apportioned to Virginia. Virginia does not impose a separate franchise tax on general corporations (only on banks and certain financial institutions). The state also does not impose a gross receipts tax at the state level — however, many Virginia localities impose a Business, Professional and Occupational License (BPOL) Tax, which is a local gross receipts-based tax with rates varying by business classification and locality (typically 0.1%–0.58% of gross receipts).
Virginia's Sales and Use Tax has a general state rate of 4.3%, with a mandatory 1% local rate, bringing the combined base to 5.3%. Certain regions have additional rates: Northern Virginia and Hampton Roads have a 0.7% regional rate (total 6%), and Central Virginia has an additional 0.7% as well. Food for home consumption is taxed at a reduced combined rate of 1%. Employers must withhold Virginia income tax and file on a schedule determined by liability amount. All LLCs and corporations must file an Annual Report with the State Corporation Commission and pay a $25 registration fee.
What Happens If You Miss a Virginia Tax Deadline?
Virginia's late filing penalty is 6% per month of the unpaid tax (applied to each month or fraction of a month), with a minimum penalty of $10 and a maximum of 30% of the tax due. A late payment penalty of 6% per month also applies, up to 30%.
Interest on underpaid taxes accrues at a rate adjusted quarterly by the Department of Taxation — the rate is the federal underpayment rate plus 2%, approximately 9%–10% per year for 2026.
Virginia grants an automatic 6-month extension (to November 1) for individual returns — you don't need to file a separate extension form if you expect a refund. If you owe tax, you must file Form 760IP and pay at least 90% of the tax liability by May 1 to avoid penalties. Corporate returns get a 6-month extension by filing Form 500CP. Sales tax returns and BPOL filings cannot be extended.
Virginia Department of Taxation
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