Get Virginia Form 760 2023-2024

VA 760 CG: Out-of-state income included in total AGI for VA tax in ATX™. Full-year residents of Virginia must include income earned in other states to compute total Adjusted Gross Income for the appropriate tax year. Credit for taxes paid to another state may be claimed by filing Virginia Schedule OSC.

Complete Form 760, Lines 1 through 9, to determine. your Virginia adjusted gross income (VAGI). If the. amount on Line 9 is less than the amount shown below. for your filing status, your Virginia income tax is $0.00.

Purpose of Form 760C If you do not pay at least 90% of your tax in this manner, you may be charged an addition to tax. Use Form 760C to determine whether you met the minimum payment requirement and/or whether you are subject to an addition to tax charge.

Virginia Estimated Payments If you live in another state and have rental property and/or business income from Virginia, file Virginia Form 763, a nonresident tax return. If you moved into or out of Virginia six months ago from another state, file Virginia Form 760PY, a Virginia part-year resident return.

The 2023 Virginia General Assembly passed a law giving taxpayers with a tax liability a rebate of up to $200 for individual filers and up to $400 for joint filers. Eligible taxpayers must have filed their 2022 individual income tax return by November 1, 2023 to receive the rebate.

The twentieth enactment clause of the 2023 Special Session I Amendments to the 2023 Appropriation Act (House Bill 6001, Special Session I, Chapter 1) increases the standard deduction from $8,000 to $8,500 for single filers and from $16,000 to $17,000 for married filers filing jointly for taxable years beginning on or ...

Virginia allows an exemption of $930* for each of the following: Yourself (and Spouse): Each filer is allowed one personal exemption. For married couples, each spouse is entitled to an exemption. When using the Spouse Tax Adjustment, each spouse must claim his or her own personal exemption.

Form 760IP, Automatic Extension Payment, is a payment coupon and worksheet that provides taxpayers who are unable to file their individual income tax return by May 1 a means of calculating and remitting a payment to avoid penalty and interest.