The "TP conformity add" refers to tax conformity additions that may be required because Virginia law treats certain income and deductions differently than federal law.
For example:
- interest on municipal bonds are not taxable on your federal return, but are taxable on the Virginia return. This interest would be an addition on your state return.
- Virginia allows a deduction for medical expenses that exceeds 10% of income, but federal tax law allows a deduction of these expenses that exceed 7.5% of income. The difference of 2.5% would be added back to your state return.
On this screen, you would enter any addition adjustments that need to be made to your state tax return, if any.
Similarly, there are situations where you would make subtractions on your state tax return. You should see a separate screen to make these adjustments, if applicable. For example:
- interest on US obligations that are taxable on the federal return but not on the Virginia return
- certain Virginia lottery winnings can be deducted from Virginia income
For more information on what kinds of items would be considered state modifications to federal income, please see Virginia Additions and Virginia Subtractions.
