Virginia does impose a tax on retirement income; however, you can take an Age Deduction of up to $12,000, if you qualify. The age deduction depends on your age, filing status, and income.
How is the subtraction calculated?
If you or your spouse was born on or before January 1, 1939, you may claim a deduction of up to $12,000. For individuals born after this date, the deduction is based off of your income. The deduction will be reduced by $1 for every $1 that the taxpayers adjusted gross income exceeds $50,000 for Single filers or $75,000 for married filers.
For more information, see: