Starting on Monday, Jan. 27, 2020, you can begin filing your Virginia individual income tax returns. This year, due to changes in federal tax law, the Virginia standard deduction has increased – $4,500 for individuals and married couples filing separately, and $9,000 for married couples filing jointly.
When can I file my Virginia state taxes?
The 2021 Virginia State Income Tax Return for Tax Year 2021 ( Jan. 1 – Dec. 31, 2021 ) can be e-Filed together with the IRS Income Tax Return by April 18, 2022. If you file a tax extension you can e-File your Taxes until October 15, 2022, and Nov.
How soon can I file my 2020 tax return?
Even though taxes for most taxpayers are due by April 15, 2021, you can e-file (electronically file) your taxes earlier. The IRS likely will begin accepting electronic returns anywhere between Jan. 15 and Feb. 1, 2021, when taxpayers should have received their last paychecks of the 2020 fiscal year.
How long does it take for VA to accept tax return?
General refund processing times during filing season: Electronically filed returns: Up to 4 weeks. Paper filed returns: Up to 8 weeks.
Are state taxes delayed this year?
For Immediate Release. Sacramento — The Franchise Tax Board (FTB) today announced that, consistent with the Internal Revenue Service, it has postponed the state tax filing and payment deadline for individual taxpayers to May 17, 2021.
What is Virginia tax deadline 2021?
Individual income tax returns and payments required to be made with such returns for Taxable Year 2020 that were originally due May 1, 2021 are now due on or before May 17, 2021. As a result, no penalties will apply so long as a return is filed and full payment is made by May 17, 2021.
When can I file my 2020 taxes in 2021?
When is my 2020 tax return due in 2021? Though last year the IRS extended the deadline from April 15 to July 15, this year the agency granted us one extra month, and for most people, 2020 taxes came due on May 17, 2021. If you requested an extension and were approved, your last day to file is Oct. 15, 2021.
What is the earliest you can file your taxes 2022?
What is the Soonest You Can File Taxes in 2022? The Internal Revenue Service will most likely set the opening day of the 2022 tax filing season between Jan 15 and Feb 15, 2022. That’s the soonest the IRS will begin accepting and processing 2021 tax year returns.
Are Virginia state taxes delayed?
Income tax payments deferred until June 1, 2020: Due to the COVID-19 response efforts, any individual income tax payments for Taxable Year (TY) 2019 that were due from April 1, 2020, to June 1, 2020, will now be due on or before June 1, 2020.
Why are tax refunds taking so long?
What’s Taking So Long? If you don’t receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. You may also experience delays if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit.
Why is my Virginia State Tax Refund taking so long?
Longer Return Processing Time for Virginia Due to Enhanced Security Measures. The Virginia Department of Taxation has issued a release informing taxpayers that processing times for personal income tax returns may take longer due to extra steps being taken to ensure refunds are remitted to the rightful owners.
Will tax season be extended in 2021?
In response to the Coronavirus (COVID-19) pandemic, the Treasury and IRS issued new guidance that calls for a tax deadline extension, moving the customary April 15 deadline to May 17, 2021.
Will the 2021 tax deadline be extended?
Due to the COVID-19 pandemic, the federal government extended this year’s federal income tax filing deadline from April 15, 2021, to May 17, 2021. In addition the IRS further extended the deadline for Texas, Oklahoma and Louisiana residents to June 15. These extensions are automatic and applies to filing and payments.
Are 2020 taxes being delayed?
Be aware that the IRS is still facing a backlog of unprocessed individual returns, 2020 returns with errors and amended returns that require corrections or special handling. And while refunds typically take around 21 days to process, the IRS says delays could be up to 120 days.