Virginians usually must file their taxes by May 1. The federal due date is usually April 15 but was extended this year by the Internal Revenue Service to give taxpayers extra time to adjust to uncertainties created by the coronavirus pandemic.
Is Virginia extending tax filing deadline?
Virginia has extended the deadline for individual income tax returns and payments for tax year 2020. Virginia’s deadline for filing and payment, originally due May 1, 2021, are now due on or before May 17, 2021, said Robert S.
Do I need to file a Virginia state tax extension?
No application is required. You still need to pay any taxes owed on time to avoid additional penalties and interest.
Is the filing deadline for 2019 taxes extended?
The 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. This relief applies to all individual returns, trusts, and corporations.
What is the penalty for filing Virginia state taxes late?
filing penalty. The penalty is 6% of the tax due for every month or a part of a month that the return is late. The maximum penalty is 30% of the tax due. There is no minimum late penalty and no late filing penalty is assessed on zero balance or refund returns.
Do I need to include a copy of my federal return with my Virginia state return?
Virginia does not require you to include a copy of your federal return with your VA state tax return.
Which states have no state tax?
Nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no income taxes. New Hampshire, however, taxes interest and dividends, according to the Tax Foundation. (Tennessee eliminated its tax on investment income in 2021.)
How do I file for an extension on my state taxes?
How to File for an Extension of State Taxes
- Step 1: Check-in with your state tax authority. …
- Step 2: File the appropriate state tax form. …
- Step 3: Pay any estimated taxes by the original due date of the return. …
- Step 4: Submit your return by the extension deadline.
Does Virginia tax retirement income?
Virginia has a number of exemptions and deductions that make the state tax-friendly for retirees. It exempts all Social Security income from the state income tax. It also provides seniors with a deduction of up to $12,000 per year against all other forms of retirement income.