Historic Rehabilitation Tax Credit in Arlington, VA 2026
Calculate your historic rehabilitation tax credit tax savings in Arlington, Virginia. With Virginia's 5.75% state tax rate, your combined savings are higher.
Virginia Tax Context
Pentagon; Amazon HQ2; DC suburb with very high incomes
Historic Rehabilitation Tax Credit Savings Calculator for Arlington
Federal Savings
$5,000
22% bracket
Virginia State
$0
5.75% rate
Local Tax
$0
0% rate
Total Savings
$5,000
27.8% combined
Tax credits reduce your tax bill dollar-for-dollar, regardless of your tax bracket.
Savings by Tax Bracket in Arlington
Includes 5.75% Virginia state tax on top of federal savings.
Eligibility Requirements
Owners of certified historic structures who undertake substantial rehabilitation
- 120% credit for certified historic structures
- 2Must be a substantial rehabilitation (exceed adjusted basis)
- 3Must follow Secretary of Interior's Standards
Virginia residents should verify that this deduction is also recognized on their state tax return for additional savings of up to 5.75%.
Common Mistakes to Avoid
- !Not getting Part 1 certification before starting work
- !Failing to meet the substantial rehabilitation test
- !Not spreading credit over 5 years as required
- !Forgetting to claim the deduction on your Virginia state return (missing 5.75% additional savings)
Required Tax Forms
File these forms with your federal tax return to claim the historic rehabilitation tax credit. Virginia may require additional state-specific forms.
Other Tax Deductions in Arlington, VA
Mortgage Interest Deduction
Housing
Property Tax Deduction
Housing
Home Office Deduction
Housing
Home Energy Tax Credit
Housing
Residential Solar Tax Credit
Housing
Military Moving Expenses
Housing
PMI Premium Deduction
Housing
Mortgage Points Deduction
Housing
Historic Rehabilitation Tax Credit in Other Virginia Cities
Virginia Beach, VA
5.75% state tax
Chesapeake, VA
5.75% state tax
Norfolk, VA
5.75% state tax
Richmond, VA
5.75% state tax
Newport News, VA
5.75% state tax
Alexandria, VA
5.75% state tax
Hampton, VA
5.75% state tax
Roanoke, VA
5.75% state tax
Calculate Your Full Tax Savings in Arlington
Use our free tax calculators to optimize your entire tax return for Virginia.
Frequently Asked Questions
How much can I save with the Historic Rehabilitation Tax Credit in Arlington, VA?
In Arlington, Virginia, the historic rehabilitation tax credit can save you an estimated $5,000 per year. This includes $5,000 in federal tax savings and $0 in Virginia state tax savings. The national average savings is $15,000/year.
What is the Virginia state income tax rate for Arlington residents?
Virginia has a 5.75% state income tax rate. Arlington residents have no additional local income tax. Pentagon; Amazon HQ2; DC suburb with very high incomes
Who qualifies for the Historic Rehabilitation Tax Credit in Arlington?
Owners of certified historic structures who undertake substantial rehabilitation. The eligibility requirements are the same whether you live in Arlington or elsewhere in the U.S., as this is a federal tax credit. However, your savings amount will vary based on Virginia's 5.75% state tax rate.
What tax forms do I need to claim the Historic Rehabilitation Tax Credit in Virginia?
To claim the historic rehabilitation tax credit, you need to file Form 3468 and NPS Form 10-168 with your federal return. Virginia residents should also check if the state allows this deduction on their state return, which could provide an additional 5.75% savings. Filing status affects your deduction limits and tax bracket.
Is the Historic Rehabilitation Tax Credit better in Arlington than in states without income tax?
Yes, Arlington residents benefit more because Virginia's 5.75% state income tax means the deduction reduces both your federal AND state tax liability. In states with no income tax (like Texas, Florida, or Nevada), this deduction only reduces federal taxes. Your combined rate of 27.8% means more savings per dollar deducted.
Related Calculators
Mortgage Interest Deduction in Arlington
Avg savings: $3,500/year
Property Tax Deduction in Arlington
Avg savings: $2,200/year
Home Office Deduction in Arlington
Avg savings: $1,200/year
Home Energy Tax Credit in Arlington
Avg savings: $1,800/year
Residential Solar Tax Credit in Arlington
Avg savings: $7,500/year
Military Moving Expenses in Arlington
Avg savings: $4,000/year