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What are Virginia state taxes due?

Writer Nathan Sanders

Northam extends due date for Virginia income taxes to May 17 Virginians usually must file their taxes by May 1. The federal due date is usually April 15 but was extended this year by the Internal Revenue Service to give taxpayers extra time to adjust to uncertainties created by the coronavirus pandemic.

What is the Virginia tax filing deadline for 2021?

May 17, 2021
On March 19, 2021, Governor Northam announced that Virginia would move the Taxable Year 2020 individual income tax filing and payment deadline for calendar year filers from May 1, 2021 to May 17, 2021. This bulletin provides information regarding this new individual income tax filing and payment deadline.

What is the penalty for filing Virginia state taxes late?

filing penalty. The penalty is 6% of the tax due for every month or a part of a month that the return is late. The maximum penalty is 30% of the tax due. There is no minimum late penalty and no late filing penalty is assessed on zero balance or refund returns.

Do I need to file a Virginia state tax extension?

Filing Extensions No application is required. You still need to pay any taxes owed on time to avoid additional penalties and interest.

What is the state tax rate in Virginia?

5.3%
Sales Tax Rates The sales tax rate for most locations in Virginia is 5.3%. Several areas have an additional regional or local tax as outlined below. In all of Virginia, food for home consumption (e.g. grocery items) and certain essential personal hygiene items are taxed at a reduced rate of 2.5%.

Do you have to file state taxes in Virginia?

you are a resident of Virginia, part-year resident, or a nonresident, and. you are required to file a federal income tax return, and….You must file an income tax return in Virginia if:

Filing StatusIncome Threshold
Single or married filing separately$11,950
Married filing jointly$23,900

When is the due date to file a Virginia tax return?

If you plan to file or mail-in a Virginia tax return on paper – the Forms and Mailing Address are below – your due date is November 1, 2021. You can select one of these payment options either after you have e-filed or filed your 2020 Virginia Tax Return.

What kind of tax return do you have to file in Virginia?

If you are a Virginia resident, file your income tax return on Form 760. Some points you should keep in mind: A Virginia resident return must include income from all sources. No subtractions are allowed for income reported to other states. Income taxes paid to other states are addressed through tax credits.

How to check the status of your Virginia tax refund?

You can also check the status of your refund by calling 804.367.2486, or using the Where’s My Refund application on the Virginia Tax website. RICHMOND, Va. – Virginia Tax is reminding employers or organizations in Virginia that withheld state income taxes in 2020 about a major deadline.

Can a married couple file a joint tax return in Virginia?

Married couples filing Form 760PY, the Virginia part-year resident return, have two options for reporting their income on the same return. A married couple may elect to file a joint return under Filing Status 2, or to file a combined return under Filing Status 4.