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When Are Virginia Taxes Due

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For certain people, yes.

If you made $73,000 or less in 2021, you qualify to file both your federal and state return using free tax preparation software. A list of options for free filing is available on Virginia Tax’s website.

Members of the military can use MilTax for free tax services.

For those looking for free fillable forms, the Virginia Department of Taxation said the software provider no longer offers them for individual income tax filing. People will have to use other filing options.

Individual Income Tax Filing Due Dates

  • Typically, most people must file their tax return by May 1.
  • Fiscal year filers: Returns are due the 15th day of the 4th month after the close of your fiscal year.

If the due date falls on a Saturday, Sunday, or holiday, you have until the next business day to file with no penalty.

Filing Extensions

Can’t file by the deadline? Virginia allows an automatic 6-month extension to file your return . No application is required. You still need to pay any taxes owed on time to avoid additional penalties and interest. Make an extension payment.

How Can I File My Return

The Virginia Department of Taxation has a list of e-filing options on its website. For people who want to file by mail, the department has a list of forms you may need.

Refund returns will need to be sent to the Virginia Department of Taxation, P.O. Box 1498, Richmond, VA 23218-149. Tax due returns will need to be sent to the Virginia Department of Taxation, P.O. Box 760, Richmond, VA 23218-07608.

The department said e-filed returns are typically processed within two weeks, while mailed returns may take up to eight weeks or longer to process.

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Virginia College Savings Plan Prepaid Tuition Contract Payments And College Savings Trust Account Contributions

Individuals under age 70 on or before Dec. 31 of the taxable year can enter $4,000 or the amount they contributedwhichever is lessto each Virginia529 account during the taxable year. Those who contributed more than $4,000 can carry forward any remaining amount until the contribution is fully deducted.

Those age 70 or older on Dec. 31 can deduct the entire amount contributed during the taxable year.

What’s The Deadline For Filing Your Federal Tax Return

Tax deadline 2020: When are my state taxes due amid coronavirus?
  • The deadline for filing federal taxes this year for most taxpayers is Monday, April 18.
  • Taxpayers in Maine and Massachusetts, however, have until because of the observance of Patriots’ Day in those states.
  • The IRS has also announced extended federal tax filing deadlines for victims of winter storms in parts of Tennessee, Illinois and Kentucky, and victims of wildfires in Colorado. An extended May 16 deadline is limited to affected counties, which can be found on the IRS’ page on tax relief in disaster situations.
  • In addition, if you’re serving in the military abroad, including in a combat zone or as part of a contingency operation in support of the US Armed Forces, you may be granted additional time to file your return.

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Overview Of Virginia Taxes

Virginia has a progressive income tax, with a top marginal rate that is slightly lower than the national average. The average sales tax in the state, combining state and average local rates, is the 10th-lowest in the country. Virginias property taxes are also below the national average.

Household Income
Number of State Personal ExemptionsDismiss

* These are the taxes owed for the 2021 – 2022 filing season.

Virginias Individual Income Tax Filing And Payment Deadline Is Monday May 2 2022

FOR IMMEDIATE RELEASEApril 18, 2022

RICHMOND, Va. – Virginia Tax is reminding taxpayers in Virginia, if you havent yet filed your individual income taxes, the filing and payment deadline is coming soon. You have until Monday, May 2, 2022, to submit your return. Taxpayers can watch a new video on filing options, follow us on or for updates, and find detailed information on our website.

This year, the Virginia filing deadline falls on the first business day after Sunday, May 1, said Tax Commissioner Craig M. Burns. We are, as always, encouraging you to file electronically and request a refund, if you have one coming, via direct deposit.

Electronically filed returns are typically processed within two weeks, while mailed returns may take up to eight weeks or longer to process.

Here is some other important information to keep in mind:

  • No penalties or interest will apply so long as a return is filed and full payment is made by the deadline
  • If your income was $73,000 or less in 2021, youre eligible to file your taxes for free
  • If you miss the filing deadline, Virginia has an automatic, 6-month filing extension. No application is required. You still need to pay any taxes owed on time to avoid additional penalties and interest and
  • If you do need to make a payment, you have several easy-to-use options available including online, directly from your bank account check or money order and credit or debit card, both of which incur an additional fee.

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Total Estimated 2021 Tax Burden

Our income tax calculator calculates your federal, state and local taxes based on several key inputs: your household income, location, filing status and number of personal exemptions. Also, we separately calculate the federal income taxes you will owe in the 2020 – 2021 filing season based on the Trump Tax Plan.

Update: Virginia Follows Irs Due Date Move To May 17

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Renner Individual News March 22, 2021Joan M. Renner, CPA, CGMA

Virginia has moved the deadline for filing 2020 individual tax returns to May 17, aligning the Virginia due date with the new due date for federal returns. Last week, the IRS gave individual taxpayers until May 17 to file their 2020 federal returns.

While many taxpayers will benefit from this extra time, others will not. How will this change affect your tax filing deadlines?

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Virginia Income Tax Deadline Extended To May 17

RICHMOND, Va.

After a national extension of the federal tax deadline, Virginia Gov. Ralph Northam said the state Department of Taxation would extend the 2021 deadline for filing individual income taxes to May 17.

That’s the same date to which the IRS pushed back the federal tax filing deadline.

In a Friday afternoon release, Northam said this would help simplify the process for Virginians – but if they could file before mid-May, that was still a good idea.

“Even with this extended deadline, we encourage Virginians to file as soon as possible so we can get people the refunds they are entitled to while also protecting the Commonwealths strong fiscal footing,” he wrote.

Of note – if you owe taxes, you need to make those payments by the new May 17 deadline to avoid penalties.

“While interest may still accrue beyond the original deadline, legislation to address this issue will be considered at Aprils reconvened session,” the governor’s office wrote.

Tax Commissioner Craig Burns encouraged tech-savvy Virginians to file their taxes online this year, if that was an option.

Filing electronically is the fastest and most efficient way to submit your return, get it processed and get your refund, Burns wrote in the release. Due to the COVID-19 protocols that are in place, it could take longer for us to process paper returns.

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Weve been trying to balance the different constituencies, between public health and those impacted by the economy, Layne said. This is a delay. It gives us time to figure out what the federal government is going to do in aid for the states.

Virginia is also delaying the payment deadline for state sales taxes due from retailers on Friday by 30 days, until April 20. The payments are due quarterly.

The delay will impact municipalities, which receive their due share of payments through the state. Businesses can apply for the relief from the states tax agency, though Layne said deferrals will be granted liberally.

Those businesses that can pay, like Amazon, we expect them to pay on time, he added.

Delayed payments will still be subject to interest, but Layne said the state would push for relief from those when lawmakers reconvene April 22.

Already, some state lawmakers are arguing that a longer delay is a critical part of helping individuals and businesses in Virginia recover.

House Republican leaders asked Gov. Ralph Northam to emulate the federal government and, at a minimum, issue a 90-day tax payment extension in a letter sent Thursday.

The letter was signed by House Minority Leader Todd Gilbert, R-Shenandoah, and Dels. Kathy Byron, R-Bedford, and Jay Leftwich, R-Chesapeake.

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When Can I Expect My Refund

If you file electronically and choose direct deposit, the IRS says you can expect your refund within 21 days, assuming there are no problems with your return.

The IRS has already processed more than 70 million returns for fiscal 2021 and issued nearly 52 million refunds. But the agency has also warned about delays in processing returns, especially as the 2022 tax season involved complications like stimulus payments and an expanded child tax credit.

“The pandemic continues to create challenges, but the IRS reminds people there are important steps they can take to help ensure their tax return and refund don’t face processing delays,” IRS Commissioner Chuck Rettig said in a statement.

Experts agree direct deposit is the fastest way to get your refund from the IRS.

Missed The Filing Deadline

Virginia Tax Return Due Date

Virginia grants an automatic 6-month extension to file your individual income tax return. However, the extension does not apply to paying any taxes you owe.

If you missed the deadline, and owe taxes, you should pay as much as you can as soon as possible to reduce additional penalties and interest.

Your options:
  • If you havent filed your return, you should file and pay as soon as possible.
  • If youre still not ready to file your return, make an extension payment online using the eForm 760IP or by check. If paying by check, be sure to include the 760IP voucher with your payment. To determine how much to pay, use the worksheet on the back of the Virginia Automatic Extension Payment Voucher for Individuals .
  • If you filed your return on time, but didnt pay the taxes you owed, you should pay as much as you can now to reduce penalties and interest later. You have a number of payment options, both online and by check. If paying by check, be sure to include the 760-PMT voucher with your payment.

In all cases, you should pay as much as you can to reduce the amount of penalty and interest youll owe.

If you cant pay the full amount that you owe, well send you a bill to collect the remaining amount due, along with any penalty and interest. Once you have a bill, you can call to set up a payment plan.

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What Day Are Partnership Returns Due

The day of the year varies by whether you file your taxes in calendar year. We typically use the calendar year as our year-end accounting system. Generally, after the end of a tax year, partnership tax returns must be filed by the 15th of the third month. Form 1065, U.S., can be found here. Partnership income must be reported to the IRS.

States With Tax Deadlines After April 15 In 2019

State

Virginia is one of only two states that push the deadline for state income tax returns into May. Residents of the Old Dominion have until May 1, 2019, to file their 2018 Form 706.

The Commonwealth allows an automatic six-month filing extension for taxpayers who miss the deadline. No application for the extension is required. However, you must pay at least 90% of your Virginia tax by the May 1 due date to avoid a penalty.

We recommend filing both federal and state returns at the same time if possible. State returns typically “piggyback” off the federal return, so it’s usually easier to do them at the same time. There’s also a better chance of avoiding discrepancies if you do them together. However, if that’s not possible, having some extra time to file your Virginia return can help. It gives you more time to focus on getting your federal return off before the April 15 deadline and then to get your state return just right.

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Filing Your Tax Return

General assistance for individuals by telephone: 804-367-8031 or by fax 804-254-6113 . The Department’s Customer Service Walk-In Center is open Monday – Friday, 8:30 a.m. – 4:30 p.m. from January 30 to late May 2017.

When is my tax return due?

The due date for your Virginia income tax return is May 1. If the due date falls on a Saturday, Sunday or legal holiday, you may file your return on the next business day. The United States Postal Service postmark is used to verify the date your return is mailed. If you are living or traveling outside the United States on May 1, you have until July 1 to file your return.An automatic six-month filing extension is allowed for individual income tax filers. No paper application or online application for extension is required. But, the extension provisions do not apply to payment of any tax that may be due with the return. To avoid penalties, filers must pay at least 90% of their final tax liability by the original due date for filing the return.

Where do I mail my forms?

You may send your Virginia income tax return to the Department of Taxation or the city or county where you lived on January 1, 2017. To mail your income tax return directly to the Department of Taxation use::

  • Refund Returns: Virginia Department of Taxation, P.O. Box 1498, Richmond, VA 23218-1498
  • Tax Due Returns: Virginia Department of Taxation, P.O. Box 760, Richmond, VA 23218-0760

Refunds

How Income Taxes Are Calculated

Virginia Tax Business Lawyer Explains IRS Requirements
  • First, we calculate your adjusted gross income by taking your total household income and reducing it by certain items such as contributions to your 401.
  • Next, from AGI we subtract exemptions and deductions to get your taxable income. Exemptions can be claimed for each taxpayer as well as dependents such as ones spouse or children.
  • Based on your filing status, your taxable income is then applied to the the tax brackets to calculate your federal income taxes owed for the year.
  • Your location will determine whether you owe local and / or state taxes.
  • Last Updated: January 1, 2021

    When Do We Update? – We regularly check for any updates to the latest tax rates and regulations.

    Customer Service – If you would like to leave any feedback, feel free to email

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    Jennifer Mansfield, CPA, JD/LLM-Tax, is a Certified Public Accountant with more than 30 years of experience providing tax advice. SmartAssets tax expert has a degree in Accounting and Business/Management from the University of Wyoming, as well as both a Masters in Tax Laws and a Juris Doctorate from Georgetown University Law Center. Jennifer has mostly worked in public accounting firms, including Ernst & Young and Deloitte. She is passionate about helping provide people and businesses with valuable accounting and tax advice to allow them to prosper financially. Jennifer lives in Arizona and was recently named to the Greater Tucson Leadership Program.

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    What Is The Extended Due Date For Partnership Returns

    Generally by the 15th day of the third month following the end of your tax year, a partners income tax return is due or the extension may be granted. A partnership is a taxpayer on a calendar year and with an end date of December 31 in 2022, the deadline for filing a 2020 tax return or extending an extension request is March 15.

    Breaking Down The Details

    Any tentative tax due must be paid using extension voucher, Form 760IP, by this year’s adjusted payment due date of June 1, 2020 when filing the return.

    “If their estimated payment is more than the amount actually due, it will be refunded when they file their return,” Sullivan said.

    You can file and pay your tentative tax online using the Virginia Department of Taxations eForms or Individual Online Services. Payments are made electronically, and you may schedule payments to be made on a future date.

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    Do I Have To Pay Income Tax In Virginia

    Youre required to file a Virginia tax return if you receive income from Virginia, have income above a certain income threshold and fall into one of the following categories:

    • Resident
    • Nonresident

    Virginia determines residency in the following ways:

    • Resident: Someone who lives in Virginia, or maintains a place of abode in Virginia , for more than 183 days per year.
    • Part-year resident: A person who moved into Virginia during the year with the intent of becoming a resident, or moved out of Virginia to become a resident of another state
    • Nonresident: Someone who isnt a resident or part-year resident but receives taxable income from Virginia sources.

    Related:Virginia Income Tax Calculator

    Taxes Due Today: Last Chance To File Your Tax Return Or Tax Extension On Time

    virginia estimated tax payments due dates 2020

    It’s tax deadline day, and tax returns filed after will be considered late. Get the details and tips for quick filing.

    Dan Avery

    Writer

    Dan is a writer on CNET’s How-To team. His byline has appeared in Newsweek, NBC News, The New York Times, Architectural Digest, The Daily Mail and elsewhere. He is a crossword junkie and is interested in the intersection of tech and marginalized communities.

    The time to file your 2021 tax return or a tax extension has nearly expired.

    Monday is your final opportunity to complete and file your 2021 tax return on time . Midnight — in your local time zone — marks the deadline for electronically filing or postmarking a tax return.

    If you can’t complete and file your tax return by Monday, you’ll want to file a tax extension, particularly if you owe. The IRS could charge a 5% failure to file penalty, plus additional interest and fines on top of that. Free tax software like Cash App Taxes can help you file an extension as well as finish your return. If you are expecting a refund, there’s no penalty for filing late.

    Most state income tax returns are also due on April 18, although a handful of states have different deadlines. And, of course, some states don’t require you to file income taxes at all.

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