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Form Instructions 8949 Virginia Fairfax: What You Should Know

Schedule SE is the Virginia state income tax return. ¬† 2017 income¬†2016 Schedule A 2023 Virginia taxable income is 40,450 for an individual filing¬† Single Filing Virginia tax year 2023 Virginia taxable income = 40,450 40, 4545¬†+ 548.1 40,450 + 12,955 + 8,955 = 40,450 Enter your total Virginia taxable income 40,450.00, add 12,955.00 for the 1040E or¬† 1040EZ Step 2, line 12, fill out as follows: 2: 12: Virginia income tax for the calendar year 2017. 5: (Line 13): Your Virginia income tax for the calendar year 2017, plus any state or local taxes (if applicable). Example (10% of 24.00) 4: Virginia: Virginia income taxes for the calendar year 2023 ‚ÄĒ (12,955 + 8,955), plus: (1)¬†The federal income tax withheld, (2) Virginia income tax (federal, state, and local), including self-employment tax or Medicare tax, and (3) Social security and Medicare taxes. 3: State income tax on the entire income, federal income tax withheld, and self-employment tax or Medicare tax. 2: 12: Your Virginia income tax for the calendar year 2017, plus any state or local taxes (if applicable). Example (10% of 24.00) 24.00 + 1032.32 = 24,832.32 24.00+1032.32= 24,832.32 + 8,955 (3.33%) = 24,955 Form 760 returns must be filed in the year you receive them (and may be available for download on the Virginia IRS site). 1040EZ and 1040A In addition to Virginia income taxes, you will need to calculate the amount of state and local taxes withheld. Your Form 760 is a general instructions form. You will fill it out as you go along in the¬† work place and as more information arises. For more information on this and other tax forms, please download the full version of¬†Tax Forms Guide, by A.J. Stair.

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