Virginia Sets 8% Interest Rate for Q2 2026 Underpayments and Overpayments
Summary
Virginia has set the interest rate at 8% for both underpayments and overpayments for the 2nd quarter of 2026, effective March 10, 2026. This rate applies to all Virginia state tax matters. The change follows adjustments to federal rates for the same quarter.
What changed
Virginia has adjusted the interest rate for the 2nd quarter of 2026 to 8% for both underpayments (assessments) and overpayments (refunds). This rate change follows the federal quarterly rate adjustment.\n\nTaxpayers should note the 8% rate when calculating interest on any outstanding Virginia tax liabilities or when determining interest owed on refunds for Q2 2026. The Virginia Department of Taxation published this update via Tax Bulletin 26-2.
What to do next
- Apply 8% interest rate to Virginia tax underpayments and overpayments for Q2 2026
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Virginia Interest Rates Change for the 2nd Quarter of 2026
Federal rates for the 2nd quarter of 2026 have changed. Therefore, Virginia interest rates will be:
- 8% for underpayments (assessments)
- 8% for overpayments (refunds) For more details, see Tax Bulletin 26-2. You'll find this and more Tax Bulletins on our Tax Bulletins page.
Published on: March 10, 2026
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