JotikaT2
Employee Tax Expert

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Form 760C is required to be filed in Virginia if your tax is underpaid during any estimated tax installment due date, unless your overall tax liability for 2023 is $150 or less.  This is true even if you have a refund when you file your tax return.  Please see 2022 Instructions for Form 760C for more details.

 

Why am I getting an underpayment penalty if I'm getting a refund?

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