Form 760 Adj PDF Details

Understanding the intricacies of tax forms is a vital aspect of managing one's finances effectively, especially when it comes to state-specific documents such as the Virginia Schedule ADJ (Form 760-ADJ). This particular form is a key component for Virginia residents as it allows for the adjustment of federal adjusted gross income within the state's tax framework. It addresses additions, subtractions, and deductions that are not captured in the federal tax filings, ensuring that taxpayers accurately report their income and claim eligible benefits or adjustments. Key sections of the form include interest on obligations of other states, income exempt from state tax, disability income exclusions, and specific deductions tailored to Virginia's tax regulations. Notably, the form enables residents to adjust their gross income for items that are taxable or exempt on a state level but not at the federal level, accommodating fixed date conformity additions and subtractions, among other unique adjustments. Moreover, it integrates provisions for low-income credit, further highlighting the state's effort to provide tax relief to qualifying individuals and families. Navigating the Form 760-ADJ requires a careful reading of instructions, especially for those claiming more additions, subtractions, or deductions, as well as a thorough understanding of Virginia's tax laws to maximize potential benefits while staying compliant.

QuestionAnswer
Form NameForm 760 Adj
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names Fillable Online 02-3Virginia Tax Fax Email Print - pdfFiller

Form Preview Example

WEB 2021 Virginia Schedule ADJ

(Form 760-ADJ)

Your Social Security Number

-

-

*VA0ADJ121888*

Name(s) as shown on Virginia return

Additions to Federal Adjusted Gross Income

1. Interest on obligations of other states, exempt from federal income tax but not from state tax

1

2.Other additions to federal adjusted gross income.

2a. FIXED DATE CONFORMITY ADDITION - SEE INSTRUCTIONS

2a

DOLLAR AMOUNT

,

,

,

,

.00

.00

2b - 2c. Refer to the Form 760 instructions for Other Addition Codes.

CODE

 

 

2b

2c

3. Total Additions. Add Lines 1 and 2a - 2c. Enter here and on Form 760, Line 2

3

Subtractions from Federal Adjusted Gross Income

4.Income (interest, dividends, or gains) from obligations or securities of the U.S. exempt

from state income tax, but not from federal tax

4

5.Disability income reported as wages (or payments in lieu of wages) on your federal return.

5a.

Enter YOUR disability subtraction

5a

5b.

Enter SPOUSE’s disability subtraction

5b

6. Other subtractions as provided in instructions.

 

 

6a.

FIXED DATE CONFORMITY SUBTRACTION - SEE INSTRUCTIONS

6a

6b - 6d. Refer to the Form 760 instructions for Other Subtraction Codes.

 

 

 

 

Certification Number

 

CODE

 

,

,

,

,

,

,

,

,

,

,

,

,

,

,

.00

.00

.00

.00

.00

.00

.00

6b

6c

6d

7. Total Subtractions. Add Lines 4, 5a, 5b, and 6a - 6d. Enter here and on Form 760, Line 7

7

,

,

,

,

,

,

,

,

.00

.00

.00

.00

Deductions from Virginia Adjusted Gross Income

8.Refer to the Form 760 instructions for Deduction Codes.

8a

8b

8c

CODE

LOSS

LOSS

LOSS

LOSS

,

,

,

,

,

,

.00

.00

.00

9. Total Deductions. Add Lines 8a - 8c. Enter here and on Form 760, Line 13

9

,

,

.00

Use Schedule ADJS if you are claiming more additions, subtractions or deductions than the Schedule ADJ

allows. Refer to the Form 760 Instructions for Other Codes. Fill in this oval.....................................................

Continue with Line 10 on Page 2.

WEB

2021 Virginia Schedule ADJ

Your Social Security Number

 

 

 

 

 

 

 

 

 

 

 

 

Page 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit for Low-Income Individuals or Virginia Earned Income Credit

*VA0ADJ221888*

10.

Family VAGI

Name

Social Security Number

Virginia Adjusted Gross Income (VAGI)

You

Spouse

Dependent

Dependent

Total

If more than 4 exemptions, attach schedule listing the name, SSN, & VAGI.

LOSS

 

 

 

 

 

. 00

 

 

 

 

 

Enter total Family VAGI here.

 

 

 

,

 

 

 

 

 

 

 

 

 

 

 

 

11.Enter the total number of exemptions reported in the table above. Next, refer to the Poverty

 

 

Guidelines Table in the Form 760 instructions to see if you qualify for this credit

. ........................................................

 

11

 

 

 

 

 

 

 

12.

If you qualify for this credit, enter the number of personal and dependent exemptions reported on

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

your Form 760 (see instructions)

 

 

 

12

 

 

 

 

 

 

 

13.

Multiply Line 12 by $300. Enter the result on Line 13. If you do not qualify for the Tax Credit for

 

 

 

 

 

 

 

 

 

 

 

 

,

 

 

 

 

 

Low-Income Individuals but claimed the Earned Income Credit on your federal return, enter $0

13

 

 

 

 

 

 

14.

Enter the amount of Earned Income Credit claimed on your federal return. If you did not claim the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earned Income Credit on your federal return, enter $0

.................................................................................................

 

 

14

 

 

 

,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15.

Multiply Line 14 by 20% (.20)

 

 

 

15

 

 

 

,

 

 

 

16.

Enter the greater of Line 13 or Line 15 above

 

 

 

 

 

 

 

 

 

 

 

 

 

16

 

 

 

,

 

 

 

17.

Compare the amount on Line 16 above to the amount of tax on Line 18 of Form 760. Enter the

 

 

 

 

 

 

 

 

 

 

 

 

,

 

 

 

 

 

lesser of the two amounts here and on Line 23 of Form 760. This is your credit amount

 

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Addition to Tax, Penalty, and Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

,

 

 

,

 

 

 

18.

Addition to tax. Fill in oval if addition came from:

Form 760C

Form 760F ....

18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19.

Penalty

Late Filing Penalty

Extension Penalty

19

 

 

,

 

 

,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20.

Interest (accrued on the tax you owe)

 

20

 

 

,

 

 

,

 

 

 

21.

Total Addition to Tax, Penalty, and Interest (add Lines 18 through 20).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

,

 

 

,

 

 

 

 

 

Enter here and on Line 32 of Form 760

 

 

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health Care Coverage Contact Information

.00

.00

.00

.00

.00

.00

.00

.00

.00

If you marked the oval on the front of Form 760 to authorize the sharing of information from this return with DMAS and have a preferred contact method, please provide the information below.

22. Indicate your preferred method of contact by filling in the appropriate oval below and providing your information.

Email

Email address

 

 

 

 

 

 

Phone

Daytime number

 

 

 

 

 

Mail

Provide address if different from the information you provided on page one of your Virginia income tax return.

 

 

 

 

Number and Street

 

 

 

 

 

 

City, town, or post office

State

ZIP Code

 

 

 

 

Use Schedule VAC to make contributions.

2601050 Rev. 06/21

How to Edit Form 760 Adj Online for Free

With the online tool for PDF editing by FormsPal, you can easily fill in or alter Form 760 Adj right here and now. Our professional team is always endeavoring to improve the tool and make it much easier for clients with its many functions. Unlock an endlessly innovative experience now - explore and uncover new possibilities along the way! Starting is effortless! Everything you need to do is take the next simple steps below:

Step 1: Click on the "Get Form" button above on this webpage to open our tool.

Step 2: Using this advanced PDF editor, you can do more than just complete forms. Express yourself and make your docs appear great with customized text put in, or modify the original input to perfection - all that accompanied by the capability to insert your personal photos and sign it off.

It is actually an easy task to complete the pdf following our detailed guide! Here's what you should do:

1. The Form 760 Adj needs certain details to be entered. Make sure the next fields are completed:

Writing section 1 in Form 760 Adj

2. After the prior section is completed, go on to enter the suitable details in all these: b Enter SPOUSEs disability, Other subtractions as provided in, a FIXED DATE CONFORMITY, Certification Number, Code, Total Subtractions Add Lines a b, Deductions from Virginia Adjusted, Code, Refer to the Form instructions, loss, loss, and loss.

Tips to prepare Form 760 Adj portion 2

3. In this particular stage, check out loss, Total Deductions Add Lines a c, Use Schedule ADJS if you are, and Continue with Line on Page. These must be completed with utmost accuracy.

Step no. 3 for filling in Form 760 Adj

4. This specific paragraph comes with these particular blank fields to consider: WEB, Virginia Schedule ADJ Page, Your Social Security Number, VAADJ, Credit for LowIncome Individuals, Family VAGI, Name, Social Security Number, Virginia Adjusted Gross Income VAGI, You, Spouse, Dependent, Dependent, Total, and If more than exemptions attach.

Part # 4 of completing Form 760 Adj

Be really attentive when completing Virginia Adjusted Gross Income VAGI and VAADJ, as this is the part where many people make some mistakes.

5. The document has to be finished by going through this section. Below you'll find a full listing of blank fields that need appropriate details to allow your document usage to be complete: Addition to Tax Penalty and, Addition to tax Fill in oval if, Form C, Form F, Penalty, Late Filing Penalty, Extension Penalty, Interest accrued on the tax you, Total Addition to Tax Penalty and, Enter here and on Line of Form, Health Care Coverage Contact, If you marked the oval on the, Indicate your preferred method of, Email, and Email address.

Stage number 5 of filling in Form 760 Adj

Step 3: Right after you've looked once again at the details in the file's blank fields, click "Done" to conclude your form. Sign up with us today and instantly get access to Form 760 Adj, available for downloading. All adjustments made by you are kept , helping you to change the pdf at a later time when necessary. Here at FormsPal, we do our utmost to guarantee that all of your information is stored secure.