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06-22-2009, 11:52 AM
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Mom
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Join Date: Jul 2008
Location: New Mexico
1,945 posts, read 849,908 times
Reputation: 929
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Another VA tax question
As the times gets closer for hubby to put in for the job in DC I am trying to make sure we have all our bases covered so I am not taken by surprise. We are coming from another state that does state personal income taxes, when we do our taxes here it is all based on our federal return and during the year we claim the same exemptions on our state that we do on our federal. Does it work the same in VA? I have a feeling doing VA taxes is going to make my head hurt.  |
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06-22-2009, 11:55 AM
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Senior Member
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Join Date: Jul 2007
1,405 posts, read 850,396 times
Reputation: 1027
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You use the Federal AGI (Adj Gross Income) as the basis from which to calculate your taxable state income.
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06-22-2009, 08:57 PM
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Senior Member
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Join Date: Mar 2009
Location: Orange Hunt Estates, W. Springfield
151 posts, read 70,278 times
Reputation: 49
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VA taxes are easy once you get your federal form done. You even have until May 1!
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06-22-2009, 10:01 PM
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Mom
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Join Date: Jul 2008
Location: New Mexico
1,945 posts, read 849,908 times
Reputation: 929
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Thanks I finally found the form I was looking for and I take claim the same amount of exemptions I do now.
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06-24-2009, 10:20 AM
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Keep the Illegals, Deport the Republicans
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Join Date: Jan 2007
14,663 posts, read 6,186,678 times
Reputation: 2454
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One little quirk to note, perhaps. If you have long-term care insurance but can't deduct the premiums on your federal return because of the 7.5% floor, you CAN deduct them on your VA return. There is a line for it on the Additions/Subtractions form. If you do include the LTC premiums in your medical costs for federal Schedule-A, then you CAN"T deduct them separately on the VA form. It's sort of a one or the other deal.
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06-25-2009, 09:48 AM
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Member
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Join Date: Jun 2009
Location: Arlington
25 posts, read 12,973 times
Reputation: 12
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VA does start with Federal AGI....looks like you might be filing a Part Year return - 760PY. Also, keep track of moving expenses to deduct on federal...if not reimbursed.
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