Dilatometry and transmission electron microscopy were used to characterize the effects of V content, Si content, tempering temperature and starting microstructure on the hardness and microstructural evolution of a 0.4 wt pct carbon steel after a simulated nitriding thermal cycle. When tempered at 500 °C, significant amounts of V are left in solution leading to precipitation during the nitride thermal cycle increasing the hardness and dilation strain. Increases in Si content also lead to higher core hardness after nitriding, but Si does not significantly increase dilation strain during nitriding. Bainite starting microstructures produced less dilation strain during nitriding compared to martensite starting microstructures when tempered at 500 °C.