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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Virginia Unemployment and over 65
Virginia Unemployment and over 65
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Marsha2020
Level 4
04-16-2021
10:30 AM
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Is there anyone else that thinks the VA tax returns are computing incorrectly? Every since the federal unemployment was updated, Virginia is adding and subtracting the unemployment to compute the adjusted federal adjusted gross income. The problem is that my client has unemployment, which isn't taxable in VA, and is over 65. The computation for the $12,000 exclusion for being over 65 seems to be wrong because of the adding and subtracting on lines 2 and 7 of the VA 760CG. Thanks in advance.
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