Q. Is my Virginia AGI is $15500 or $11500, which is below the filing?
A. $15,500. The $4000 deduction is used to determine your Virginia Taxable Income , not your VA AGI . The $4000 529Plan deduction goes on line 13 of form 760, which is after the calculation of Total Virginia Adjusted Gross Income on line 8. Virginia Taxable Income is, further down, on line 15 of form 760.
