Claiming Dependents For Paycheck In Virginia
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You qualify for the full amount of the 2024 Child Tax Credit for each qualifying child if you meet all eligibility factors and your annual income is not more than $200,000 ($400,000 if filing a joint return). Parents and guardians with higher incomes may be eligible to claim a partial credit.
Virginia allows an exemption of $930 for each of the following: Yourself (and Spouse): Each filer is allowed one personal exemption. For married couples, each spouse is entitled to an exemption. When using the Spouse Tax Adjustment, each spouse must claim his or her own personal exemption.
If you or your spouse were born on or before Jan. 1, 1960, you may qualify to claim an age deduction of up to $12,000 each. The age deduction you may claim will depend upon your birth date, filing status, and income.
Standard Deduction Increase - An increase of the standard deduction for tax year 2024, from $8,000 from $8,500 for single filers and from $16,000 to $17,000 for married filing jointly filers.
The maximum amount of deduction allowed is based on how many dependents you have: $3,000 for one dependent. $6,000 for two or more dependents.
In general, an employer who pays wages to one or more employees in Virginia is required to deduct and withhold state income tax from those wages. Since Virginia law substantially conforms to federal law, if federal law requires an employer to withhold tax from any payment, we also require Virginia withholding.
Every resident of Virginia, including domiciliary residents, is liable to state income taxation as a resident.
Withholding is the amount of income tax your employer pays on your behalf from your paycheck. Learn how to make sure the correct amount is being withheld and how to change it.
