Virginia Schedule Adj Form PDF Details

In the tax landscape of Virginia, the Schedule ADJ form plays a crucial role in the computation and adjustment of taxpayers' income, acting as a conduit between federal and state tax protocols. Officially termed as Form 760-ADJ for the year 2012, it serves as a detailed annex to the primary income tax return forms, allowing residents to make necessary adjustments to their federal adjusted gross income for state tax considerations. These adjustments include, but are not limited to, additions and subtractions from income based on specific state tax laws, such as adding back interest on obligations of other states that are exempt from federal tax but not from Virginia state tax, and subtracting income from U.S. obligations, disability income, or other specific items as detailed by the instructions accompanying the form. The form intricately lays out sections for deductions from Virginia Adjusted Gross Income, with precise codes provided to guide the taxpayer through this process. Furthermore, additional segments on the form intricately detail credits for low-income individuals or families, adjustments, voluntary contributions, and penalties that might apply, thereby encapsulating a comprehensive framework for taxpayers to adjust their income accurately for Virginia state taxes.

QuestionAnswer
Form NameVirginia Schedule Adj Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesschedule adj, schedule adj virginia, SSN, 23a

Form Preview Example

2012 Virginia Schedule ADJ

(Form 760-ADJ)

Your Social Security Number

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Name(s) as shown on Virginia return

 

 

 

 

 

 

 

 

whole dollars only

 

 

Additions to Federal Adjusted Gross Income

 

 

 

 

 

1.

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

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2.

Other additions to federal adjusted gross income

 

 

 

 

 

 

2a. FIXED DATE CONFORMITY ADDITION - SEE INSTRUCTIONS

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

Enter 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

 

Enter

 

Code

 

 

 

 

 

 

 

6b

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6c

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6d

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Enter Addition Amount

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Enter Subtraction Amount

 

 

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Deductions from Virginia Adjusted Gross Income

Enter Code

Enter Deduction Amount

8.Refer to the Form 760 instructions for Deduction Codes

8a

8b

8c

9.Total Deductions. Add Lines 8a - 8c. Enter here and on Form 760, Line 12.

LOSS

LOSS

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Continue with Line 10 on Page 2

Avoid delays - If completed, attach Schedule ADJ to Form 760

2012 Virginia Schedule ADJ Page 2

 

 

 

Your Social Security Number

 

 



 

 

 

 

 

 

 

 

 

 

 

 

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Credit for Low Income Individuals or Virginia Earned Income Credit

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

 

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Enter total Family VAGI here.

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

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

11

12. If you qualify, enter the number of personal exemptions reported on your Form 760

12

13.Multiply Line 12 by $300. Enter the result on Line 13 and proceed to Line 14. If you do not qualify for the Tax Credit for Low Income Individuals but claimed an Earned Income Credit on your federal

 

return, enter $0 and proceed to Line 14

 

 

13

14.

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

 

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 17 of Form 760 and enter the

 

lesser of the two amounts here and on Line 21 of Form 760. This is your credit amount

17

Adjustments and Voluntary Contributions

 

 

 

18.

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

Form 760C

Form 760F ....

18

19.

Penalty

 

 

 

 

 

Late Filing Penalty

 

Extension Penalty

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20.

Interest (interest accrued on the tax you owe)

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20

21.

Consumer’s Use Tax

 

 

21

22.

Voluntary Contributions.

 

 

 

 

 

See instructions.

 

22a

 

 

Amended Return

 

 

 

 

 

 

 

22b

 

 

 

 

 

22c

 

 

23.

If contributing to a School Foundation,

 

 

 

 

 

 

23a

 

 

 

 

or a Library Foundation enter the code

 

 

 

 

 

for the foundation(s) and the contribution

 

 

 

 

 

amount(s) in boxes 23a - 23c. If contributing 23b

 

 

 

 

to more than 3 school or library foundations,

 

 

 

 

 

see Form 760 instructions.

 

 

 

 

 

 

23c

 

 

 

24.

Total Adjustments (add Lines 18, 19, 20, 21, 22a-c and 23a-c).

 

 

 

Enter here and on Line 28 of Form 760

 

 

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2601050 03/12

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This PDF form will require you to enter specific information; in order to guarantee consistency, be sure to heed the next guidelines:

1. Fill out your va schedule adj with a group of essential blanks. Collect all the information you need and ensure absolutely nothing is overlooked!

Filling out part 1 in 23b

2. Your next stage is to fill in the following blanks: Income interest dividends or gains, Disability income reported as, a Enter YOUR disability, b Enter SPOUSEs disability, Other subtractions as provided in, a FIXED DATE CONFORMITY, b d Refer to the Form, Enter Code, Enter Subtraction Amount, Total subtractions Add Lines a b, Deductions from Virginia Adjusted, Refer to the Form instructions, Enter Code, Enter Deduction Amount, and LOSS.

Filling in part 2 in 23b

3. This next segment is pretty simple, LOSS, Total Deductions Add Lines a c, Continue with Line on Page, and Avoid delays If completed attach - all these form fields will need to be completed here.

Part number 3 of completing 23b

4. It's time to proceed to this next segment! Here you will have all of these Virginia Schedule ADJ Page, Your Social Security Number, Credit for Low Income Individuals, Family VAGI, Name, Social Security Number, Virginia Adjusted Gross Income VAGI, You, Spouse, Dependent, Dependent, Total, If more than exemptions attach, LOSS, and Enter the total number of fields to complete.

Part no. 4 for submitting 23b

Concerning Total and You, be certain you review things in this section. Those two are thought to be the most important fields in this file.

5. This very last notch to finalize this form is pivotal. Be sure you fill out the mandatory blank fields, which includes Multiply Line by Enter the, for the Tax Credit for Low Income, Enter the amount of Earned Income, Earned Income Credit on your, Multiply Line by, Enter the greater of Line or, Compare the amount on Line above, lesser of the two amounts here and, Adjustments and Voluntary, Addition to tax Fill in oval if, Form C Form F, Penalty, Late Filing Penalty Extension, Interest interest accrued on the, and Consumers Use Tax, before finalizing. Failing to do this may result in a flawed and probably unacceptable form!

Enter the amount of Earned Income, Consumers Use Tax, and for the Tax Credit for Low Income of 23b

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