Riparian Forest Buffer Protection for Waterways Tax Credit

Riparian Forest Buffer Protection for Waterways Tax Credit Individuals, trusts and corporations may qualify for an income tax credit of 25% of the value of the timber on land designated as a riparian buffer for a waterway. The credit may not exceed $17,500 or the total amount of tax, whichever is less. To apply for this credit, file Department of Forestry (DOF) Form 18.8 with DOF or apply [...]

Virginia Land Preservation Credit

Land Preservation Tax Credit This tax credit is for taxpayers that convey land or interest in land located in Virginia to a public or private agency eligible to hold such land or interests for conservation or preservation purposes. The conveyance must be in perpetuity. Credits for conveyances made in 2007 and thereafter are equal to 40% of the land’s fair market value. All fair market [...]

What is Virginia Political Contribution?

You may voluntarily donate all or part of your tax refund to one or more qualifying organizations. Enter the contribution code(s) and amount(s) you are donating in the boxes. If you want to donate to more than 3 organizations, enter “00” and the total amount donated to the organizations on Line 2. Enclose a schedule showing the organization code, name and amount donated to each. 60 [...]

What options are available to pay Virginia tax due?

Web Payments: Use the Department’s website www.tax. virginia.gov/payments to make a payment online. Payments are electronically transferred from your savings or checking account. There is no fee charged by the Department. Check: If you file your return locally, make your check payable to the Treasurer or Director of Finance of the city or county in which you reside; otherwise, make [...]

Virginia Use Tax

If you purchased merchandise by Internet, telephone, or mail, or you purchased any merchandise outside Virginia and paid no sales tax you may be required to pay Consumer’s Use Tax. Report the applicable tax on Form 760, Line [...]