Solved: My total income is $15,473.40 and I am a state employee in Virginia. Can I claim the Federal/State employee subtraction and subtract out $15,000 of that income?
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My total income is $15,473.40 and I am a state employee in Virginia. Can I claim the Federal/State employee subtraction and subtract out $15,000 of that income?

 
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My total income is $15,473.40 and I am a state employee in Virginia. Can I claim the Federal/State employee subtraction and subtract out $15,000 of that income?

No.  You can't claim the Federal/State employee subtraction on your Virginia return and subtract out $15,000 of your income because your total income is more than $15,000.

 

 

The instructions for VA Form 760 (p. 18) state:

 

Federal and State Employees - Any individual who qualifies as a federal or state employee earning $15,000 or less in annual salary from all employment can subtract up to $15,000 of the salary from that state or federal job. If both spouses on a joint return qualify, each spouse may claim the subtraction. The subtraction cannot exceed the actual salary received. If you claim this subtraction, you cannot claim a Credit for Low-Income Individuals or Virginia Earned Income Credit.

 

[Edited | 4/15/2020 | 9:07am PDT]




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Level 14

My total income is $15,473.40 and I am a state employee in Virginia. Can I claim the Federal/State employee subtraction and subtract out $15,000 of that income?

No.  You can't claim the Federal/State employee subtraction on your Virginia return and subtract out $15,000 of your income because your total income is more than $15,000.

 

 

The instructions for VA Form 760 (p. 18) state:

 

Federal and State Employees - Any individual who qualifies as a federal or state employee earning $15,000 or less in annual salary from all employment can subtract up to $15,000 of the salary from that state or federal job. If both spouses on a joint return qualify, each spouse may claim the subtraction. The subtraction cannot exceed the actual salary received. If you claim this subtraction, you cannot claim a Credit for Low-Income Individuals or Virginia Earned Income Credit.

 

[Edited | 4/15/2020 | 9:07am PDT]




**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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