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rbrown1
New Member

Virginia 2018 form 760 line 16 shows taxable income as 13,629 but line 17 shows zero as "Amount of Tax"....this does not agree with VA tax instructions

 
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IreneS
Intuit Alumni

Virginia 2018 form 760 line 16 shows taxable income as 13,629 but line 17 shows zero as "Amount of Tax"....this does not agree with VA tax instructions

UPDATED FOR TAX YEAR 2019

 

If you are married filing jointly, there is no tax on an income of $13,639.  The comment above the tax tables in the Form 760 instructions state:

If your Virginia Adjusted Gross Income is less than the filing threshold, do not use the rate schedule or tax table below. Enter $0.00 as your tax instead. 

The filing thresholds for VA are:

  • Single and your VAGI is $11,950 or more
  • Married filing jointly and combined VAGI is $23,900 or more

 

[Edited | 4/3/2020 |  11:42am PDT]



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4 Replies
IreneS
Intuit Alumni

Virginia 2018 form 760 line 16 shows taxable income as 13,629 but line 17 shows zero as "Amount of Tax"....this does not agree with VA tax instructions

What is your filing status?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
rbrown1
New Member

Virginia 2018 form 760 line 16 shows taxable income as 13,629 but line 17 shows zero as "Amount of Tax"....this does not agree with VA tax instructions

Line 16 on Virginia form 760 is "taxable income" not AGI....I have researched this apparent error back to tax year 2015....it was calculated correctly in tax year 2014 on this particular return
IreneS
Intuit Alumni

Virginia 2018 form 760 line 16 shows taxable income as 13,629 but line 17 shows zero as "Amount of Tax"....this does not agree with VA tax instructions

UPDATED FOR TAX YEAR 2019

 

If you are married filing jointly, there is no tax on an income of $13,639.  The comment above the tax tables in the Form 760 instructions state:

If your Virginia Adjusted Gross Income is less than the filing threshold, do not use the rate schedule or tax table below. Enter $0.00 as your tax instead. 

The filing thresholds for VA are:

  • Single and your VAGI is $11,950 or more
  • Married filing jointly and combined VAGI is $23,900 or more

 

[Edited | 4/3/2020 |  11:42am 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"
rbrown1
New Member

Virginia 2018 form 760 line 16 shows taxable income as 13,629 but line 17 shows zero as "Amount of Tax"....this does not agree with VA tax instructions

thank you for this answer...it was correct....good quick response

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