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Virginia 500ADJ - Schedule of Adjustments
Extracted from PDF file 2023-virginia-form-500adj.pdf, last modified September 2023500ADJ - Schedule of Adjustments
WEB 2023 Virginia Schedule ADJ Social Security Number - (Form 760-ADJ) - Name(s) as shown on Virginia return *VA0ADJ123888* Dollar Amount Additions to Federal Adjusted Gross Income , , . 00 , , . 00 2b , , . 00 2c , , . 00 , , . 00 , , . 00 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. CONFORMITY ADDITION - SEE INSTRUCTIONS........................................................................ 2a Code 2b - 2c. Refer to the Form 760 instructions for Other Addition Codes. 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 , , . 00 5b. Enter SPOUSE’s disability subtraction............................................................................................ 5b , , . 00 6. Other subtractions as provided in instructions. 6a. CONFORMITY SUBTRACTION - SEE INSTRUCTIONS............................................................... 6a 6b - 6d. Refer to the Form 760 instructions for Other Subtraction Codes. , , . 00 6b , , . 00 6c , , . 00 6d , , . 00 , , . 00 , , . 00 , , . 00 , , . 00 , , . 00 Code Certification Number 7. Total Subtractions. Add Lines 4, 5a, 5b, and 6a - 6d. Enter here and on Form 760, Line 7.................... 7 Deductions from Virginia Adjusted Gross Income 8. Refer to the Form 760 instructions for Deduction Codes. Code loss 8a 8b 8c loss loss loss 9. Total Deductions. Add Lines 8a - 8c. Enter here and on Form 760, Line 13........................................... 9 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 2023 Virginia Schedule ADJ Page 2 Social Security Number - *VA0ADJ223888* - Credit for Low-Income Individuals or Virginia Earned Income Credit Family VAGI Name Social Security Number Virginia Adjusted Gross Income (VAGI) You Spouse Dependent Dependent If more than 4 exemptions, attach schedule listing the name, SSN, & VAGI. Enter total Family VAGI here. , . 00 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 , . 00 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 , . 00 15. Multiply Line 14 by 20% (.20)......................................................................................................................................... 15 , . 00 16a. Enter the greater of Line 13 or Line 15 above.............................................................................................................. 16a , . 00 16b. Multiply Line 14 by 15% (.15) This is the refundable credit option...............................................................................16b , . 00 , . 00 10. Total loss 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 17. Choose the credit option that benefits you the most. You may claim a nonrefundable credit that equals to the lesser of the amounts on Line 16a above and Line 18 of Form 760 OR the refundable credit that equals to the amount on Line 16b above. Enter your credit amount here and on Line 23 of Form 760. ................................. 17 Addition to Tax, Penalty, and Interest 18. Addition to tax............................................................................................................................. 18 , , . 00 Extension Penalty .......................... 19 , , . 00 20. Interest (accrued on the tax you owe)......................................................................................... 20 , , . 00 21. Total Addition to Tax, Penalty, and Interest (add Lines 18 through 20). Enter here and on Line 32 of Form 760...................................................................................... 21 , , . 00 19. Penalty 2601050 Rev. 09/23 Late Filing Penalty Use Schedule VAC to make contributions.
2023 Virginia Schedule ADJ
More about the Virginia Form 500ADJ Corporate Income Tax TY 2023
We last updated the 500ADJ - Schedule of Adjustments in January 2024, so this is the latest version of Form 500ADJ, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 500ADJ directly from TaxFormFinder. You can print other Virginia tax forms here.
Other Virginia Corporate Income Tax Forms:
TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form RR 6-2 | RR 6-2 (1601110) Class 6 - Schedule 2 - Machinery, Equipment and Apparatus, Etcetera |
| Form BRU | Application for Barge and Rail Usage Tax Credit |
| Form ITF | Application for International Trade Facility Tax Credit |
| Form GJC | GJC -Application for Green Jobs Creation Tax Credit |
| Form 770 | VA Fiduciary Income Tax Return |
View all 136 Virginia Income Tax Forms
Form Sources:
Virginia usually releases forms for the current tax year between January and April. We last updated Virginia Form 500ADJ from the Department of Taxation in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Virginia Form 500ADJ
We have a total of thirteen past-year versions of Form 500ADJ in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 500ADJ
2023 Virginia Schedule ADJ
2022 Form 500ADJ
2022 Virginia Schedule ADJ
2021 Form 500ADJ
2020 Virginia Schedule ADJ
2020 Form 500ADJ
2020 Virginia Schedule ADJ
2019 Form 500ADJ
2019 Virginia Schedule ADJ
2018 Form 500ADJ
2018 Schedule 500ADJ - Corporation Schedule of Adjustments
2017 Form 500ADJ
2017 Schedule 500ADJ - Corporation Schedule of Adjustments
2016 Form 500ADJ
2016 Schedule 500ADJ - Schedule of Adjustments
2015 Form 500ADJ
500 ADJ 15 ER Web Final 06 10 15.indd
2014 Form 500ADJ
500 ADJ 14 ER Web 09 03 14.indd
2013 Form 500ADJ
500ADJ
2012 Form 500ADJ
500 ADJ 12 final 08 02 12.indd
2011 Form 500ADJ
500 ADJ 11 early release 10 12 11.indd
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