Virginia Tax Bulletin 22-11: Important Information About Virginia's Interest Rates

25 Aug 2022 3:19 PM | Anonymous

Virginia Interest Rates Change for the Fourth Quarter

Virginia's interest rates will change for the fourth quarter of 2022. The underpayment and overpayment rates for Virginia taxes are 2% higher than the corresponding federal rates. Federal rates for the fourth quarter of 2022 will be 6% for tax underpayments (assessments) and 6% for tax overpayments (refunds) by noncorporate taxpayers. Accordingly, the Virginia rates for the fourth quarter of 2022 will be 8% for tax underpayments (assessments) and 8% for tax overpayments (refunds).

Details about these interest rates can be found in Tax Bulletin 22-11.  

View the Tax Bulletin

If you have additional questions, go to, or contact us at 804.367.8031 for individual income tax questions and 804.367.8037 for business tax questions.

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