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Virginia State Income Tax Age Deduction
Virginia State Income Tax Age Deduction -
Virginia offers an age deduction of up to 12 000 for persons age 65 and older The deduction phases out by 1 for every 1 that the taxpayer s federal AGI surpasses 62 000 for single filers and 87 000 for married filers
If you or your spouse were born on or before Jan 1 1956 you may qualify to claim an age deduction of up to 12 000 each The age deduction you may claim will depend upon your birth date filing status and income If you were born
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Individuals 65 and older may qualify for an income tax deduction The amount of the deduction will depend upon your birth date and or income Those born on or before Jan 1
The federal standard deduction for a Head of Household Filer in 2023 is 20 800 00 The federal federal allowance for Over 65 years of age Head of Household Filer in 2023 is 1 950 00 Virginia Residents State Income Tax
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Virginia does impose a tax on retirement income However you can take an Age Deduction of up to 12 000 if you qualify The age deduction depends on your age filing status and income
In addition Virginia taxpayers age 65 and older can generally claim a deduction of up to 12 000 If you were born on or after January 2 1939 the amount of the deduction is based on your
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https://www.tax.virginia.gov/subtracti…
If you or your spouse were born on or before Jan 1 1956 you may qualify to claim an age deduction of up to 12 000 each The age deduction you may claim will depend upon your birth date filing status and income If you were born
https://www.tax.virginia.gov/news/virgi…
Age Deduction Virginia offers qualifying individuals ages 65 and older a subtraction that reduces the amount of their income subject to Virginia income tax If you were born on January 1 1939 or earlier you can subtract 12 000
If you or your spouse were born on or before Jan 1 1956 you may qualify to claim an age deduction of up to 12 000 each The age deduction you may claim will depend upon your birth date filing status and income If you were born
Age Deduction Virginia offers qualifying individuals ages 65 and older a subtraction that reduces the amount of their income subject to Virginia income tax If you were born on January 1 1939 or earlier you can subtract 12 000
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