Form 760es - Virginia Estimated Income Tax Payment Vouchers For Individuals - 2016 Page 2
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8VI. WHERE TO FILE
TAX RATE SCHEDULE
Filing online is the fastest and easiest way to make estimated
I
F YOUR VIRGINIA TAXABLE INCOME IS:
payments and you receive immediate confirmation.
Not over $3,000, your tax is 2% of your Virginia taxable income.
If you choose not to file online, you may send your voucher
but not
your tax
of excess
and payment directly to the Department of Taxation, P.O. Box
over...
over...
is...
over...
1478, Richmond, VA 23218 or to the Virginia city or county
$
3,000
$ 5,000
$ 60 + 3%
$ 3,000
where you live. A complete list of addresses is at the end of
$
5,000
$17,000
$ 120 + 5%
$ 5,000
this document.
$ 17,000
$ 720 + 5.75%
$ 17,000
If you are a nonresident, file with the Department of Taxation
or with the Virginia city or county in which the principal portion
TAX CREDITS and ADJUSTMENTS
of the income from Virginia sources was received.
You may claim an expected tax credit or adjustment on the
VII. WHERE TO GET HELP
worksheet if:
If you need assistance completing your return, call or visit the
(a) you are a resident of Virginia and you will pay income
Commissioner of the Revenue, Director of Finance or Director
tax to another state as a nonresident, except for the
of Tax Administration for your city or county or the Department
states of Arizona, California, Oregon or the District
of Taxation. Requests for information may also be addressed
of Columbia;
to the: Virginia Department of Taxation, P. O. Box 1115,
(b) you are a resident of one or more of the states listed
Richmond, VA 23218-1115, or call 804-367-8031. Do not
above and you will pay income tax to Virginia as a
mail your income tax return to this address.
nonresident;
VIII. WHERE TO GET FORMS
(c) you expect to qualify for one of the other available
Forms may be downloaded from the Department's website
individual income tax credits; or
or requests may be addressed to: Virginia Department of
(d) you qualify for the Spouse Tax Adjustment on Form
Taxation, P.O. Box 1317, Richmond, VA 23218-1317, or
760.
call 804-367-8031. Do not mail your income tax return to
For more information on determining if you qualify for any
this address.
credits, see the instructions for the Virginia income tax return
Visit the Department's website, , where
that you expect to file.
you can obtain filing information, get answers to common
The personal exemptions, itemized or standard deductions
questions, download forms and more.
and the child and dependent care deductions, if claimed, must
be adjusted if you are a part-year resident. Refer to the Form
IX. UNDERPAYMENT OF ESTIMATED INCOME TAX
760PY instructions for details on computing these items.
Generally, addition to tax is imposed by law if at least 90%
2
/
Itemized deductions may be adjusted by Fixed Date
(66
% if you are a farmer, fisherman or merchant seaman) of
3
Conformity items. Refer to the income tax instructions for
your total tax liability is not paid throughout the year by timely
further information.
withholding and/or installments of estimated tax. The addition
to tax does not apply if each required installment is paid on
IV. CHANGES IN INCOME OR EXEMPTIONS
time and meets one of the following exceptions:
Even if you do not expect your income from sources other
2
/
(a) is at least 90% (66
% if you are a farmer, fisherman
than wages on which Virginia tax is withheld for 2016 to
3
or merchant seaman) of the amount due on the basis
be large enough to require making estimated income tax
of annualized income;
payments as of May 1, 2016, a change in income, deductions
2
/
(b) is at least 90% (66
% if you are a farmer, fisherman
or exemptions may require you to file later in the year. If
3
or merchant seaman) of the amount due on the basis
you later determine that you need to file, see the PAYMENT
of the actual taxable income;
SCHEDULE.
(c) is based on a tax computed by using your income for
If you file your 2016 income tax return and pay the balance
the preceding taxable year and the current year’s tax
of tax due in full by March 1, 2017, you are not required to
rates and exemptions;
make the estimated tax payment that would normally be due
(d) is equal to or exceeds the prior year’s tax liability for
on January 15, 2017. If you file your return after March 1
each installment period and the prior year return was
without making the January payment, or if you have not paid
for a full year and reflected an income tax liability; or
the proper amount of estimated tax on any earlier due date,
(e) the sum of all installment underpayments for the
you may be liable for an additional charge for underpayment
taxable year is $150 or less.
of estimated tax, computed on Form 760C. See Section VIII
If you do not meet an exception, your underpayment
and the Form 760C instructions for more information.
computation will be based on 90% of the current year’s
V. WHO MAY FILE A JOINT FORM 760ES
income tax liability or 100% of your liability for the preceding
Spouses may file a joint declaration unless (a) they are legally
year, whichever is less. The addition to tax is computed on
separated or divorced, (b) they have different taxable years,
Form 760C (Form 760F for farmers, fishermen or merchant
or (c) one spouse is a nonresident of Virginia (unless both
seamen).
are required to file a Virginia return).
If you file a joint Form 760ES, but do not file a joint income tax
return, the estimated tax may be treated as the estimated tax
of either spouse, or may be divided between both spouses
as mutually agreed.
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