If you are a resident or nonresident of West Virginia and receive taxable income individually from property owned or business transacted in West Virginia, you are subject to tax on net income. Therefore, if you are operating your business as an S corporation, partnership, limited liability company, or sole proprietorship, you will be subject to a personal income tax on your business income that passes through to you.
The following 2009 marginal tax rates and income brackets apply:
| All Resident Individuals (Except Married Persons Filing Separately), Estates and Trusts |
| Taxable Income |
Amount of Tax |
| Not over $10,000 |
3% of taxable income |
| Over $10,000, but not over $25,000 |
$300 plus 4% of excess over $10,000 |
| Over $25,000, but not over $40,000 |
$900 plus 4.5% of excess over $25,000 |
| Over $40,000, but not over $60,000 |
$1,575 plus 6% of excess over $40,000 |
| Over $60,000 |
$2,775 plus 6.5% of excess over $60,000 |
| All Resident Married Individuals Filing Separately |
| Taxable Income |
Amount of Tax |
| Not over $5,000 |
3% of taxable income |
| Over $5,000, but not over $12,500 |
$150 plus 4% of excess over $5,000 |
| Over $12,500, but not over $20,000 |
$450 plus 4.5% of excess over $12,500 |
| Over $20,000, but not over $30,000 |
$787.50 plus 6% of excess over $20,000 |
| Over $30,000 |
$1,387.50 plus 6.5% of excess over $30,000 |