Virginia Virginia Automatic Extension Payment

Virginia Automatic Extension Payment
2023 Form 760IP, Virginia Automatic Extension Payment Voucher for Individuals
2023
FORM 760IP

Virginia Automatic Extension Payment
Voucher for Individuals

This form is for use by individual income tax filers only. Fiduciary Taxpayers and Pass-Through Entities filing for Unified
Nonresident Taxpayers use Form 770IP to make your income tax extension payments.
Effective for payments made on and after July 1, 2022, individuals must submit all income tax payments electronically if any
payment exceeds $1,500 or the sum of all payments is expected to exceed $6,000. This includes estimated, extension, and
return payments. Visit our website at www.tax.virginia.gov for information on electronic payment options.
Virginia automatically grants all taxpayers a 6-month extension
of time to file their income tax return.

If additional tax is due when you file your return, you may owe
penalty and interest charges in addition to the tax.

•	 For calendar year filers, the filing date is automatically extended
to November 1.
•	 You are NOT required to file Form 760IP in order to obtain this
automatic extension.
•	 You must pay any tentative tax due by May 1.
•	 An extension of time to file does NOT extend the amount of
time you have to make your payment.
•	 Penalties and interest will accrue on all late payments.
Purpose of Form 760IP
Form 760IP, Automatic Extension Payment, is a payment coupon
and worksheet that provides taxpayers who are unable to file their
individual income tax return by May 1 a means of calculating and
remitting a payment to avoid penalty and interest.

When and Where to File Form 760IP
The Department provides two secure online options for submitting
extension payments: eForms and Individual Online Services.
Payments are made by Debit EFT and you may schedule your
payment for a future date. Extension payments may also be made
using an ACH Credit transaction through your bank. Some banks
may charge a fee for this service. An Electronic Payment Guide is
available on the Department’s website with information on how to
submit ACH Credit payments to the Department.

Who Must File Form 760IP
Form 760IP is required if ALL of the following apply to you:
1.	 You cannot file your individual income tax return by the due date;
2.	 You owe tax (this is determined by completing the Tentative Tax
Computation Worksheet on the back of this page); and
3.	You submit your payment by paper check or money order.
Estates, trusts and unified nonresident filers should use Form
770IP.
Do not file Form 760IP if you determine that you do NOT owe
additional tax, or you make your extension payment electronically
using Individual Online Services.
Completing Form 760IP
Complete the Tentative Tax Computation Worksheet on the back,
then enter the payment amount in the Payment Amount box on Form
760IP. Instructions for the worksheet and the form are on the back.

Alternatively, if you are using software you may be able to submit
your payment through e-File. You may also be able to set up your
estimated payments via debit EFT with future payment dates.
If you are paying with a paper check or money order, file Form
760IP along with your payment as soon as you realize you owe any
additional tax. The 2023 Form 760IP must be postmarked by May 1,
2024 to avoid interest and penalties. For fiscal year filers, file Form
760IP on or before the due date of your return with payment of the
balance due to avoid interest and penalties.
If the due date falls on a Saturday, Sunday or legal holiday, Form 760IP,
with payment, may be filed on the next day that is not a Saturday,
Sunday or legal holiday.  Be sure to write your complete Social
Security Number, taxable year and “VA 760IP” on your payment.
Send the completed Form 760IP, with payment, to:
	 Department of Taxation
	 P.O. Box 1478
	 Richmond, VA 23218-1478
Penalty for Failure to Timely File and Pay the Tax Due
Virginia law provides for an automatic 6-month filing extension, but
you must pay at least 90% of your tax liability by the due date of

Detach here and mail with your tentative tax payment. Keep the worksheet with your other tax records.

760IP 	Automatic Extension Payment 2023
(Doc ID 763)

Do not file Form 760IP if no payment is due
or if you make this payment electronically.

2601035 Rev. 07/23

0000000000 7638888 123129
 Your Social Security Number

Spouse’s Social Security Number

First Name

MI Last Name

Spouse's First Name

MI Spouse's Last Name

	 New Filer or Address Has Changed
	

Save the stamp.
Make your extension payment on the
Department’s website: www.tax.virginia.gov
Make your check payable to the
Virginia Department of Taxation

Payment Amount

 Address (Number and Street) of Taxpayer
City, State and ZIP Code

. 00

May 1.  If you file your return within 6 months after the due date but
do not meet the 90% payment requirement, the balance of tax due
with your return will be subject to an extension penalty of 2% per
month, from the due date through the date of filing, to a maximum
of 12%.  If you file within the extension period but do not pay the full
balance of tax due with your return, the balance due will be subject
to a late payment penalty of 6% per month from the date of filing
through the date of payment, to a maximum of 30%.
The late payment penalty will be assessed in addition to any
extension penalty that may apply. If you file your return more than
6 months after the due date, the extension will be void and a late
filing penalty of 30% will be applied to the balance of tax due with
the return.

Automatic Extension Payment Instructions
•	 You can file electronically by using the Department’s website:
www.tax.virginia.gov. It is the quickest and most convenient
way to pay your tentative tax.

Tentative Tax Computation Worksheet Instructions
You must refer to the income tax return you will file for the tax
year to compute your tentative tax on Line 1 of the Tentative Tax
Computation Worksheet. If you and your spouse file a joint Form
760IP, but do not file a joint income tax return for the year, the total
tentative tax payment may be claimed on your separate return or
the separate return of your spouse. If you and your spouse each
file a separate Form 760IP, but elect to file a joint income tax return
for the year, report the sum of all amounts paid on the joint return.

Tentative Tax
Use the Tentative Tax Worksheet to calculate your tentative tax.

•	 Do not file Form 760IP if no payment is due or if you make this
payment electronically.
Name, Address and Social Security Number
Please clearly print or type your name, address and Social Security
Number for which an automatic extension payment is being made.
Compute Your Tentative Tax
Transfer the information from Line 4 of the Tentative Tax Computation
Worksheet to Form 760IP.

Daytime Phone Number
Enter your daytime telephone number.
Where To Get Forms
Most Virginia tax forms are available from the Department’s website:
www.tax.virginia.gov. Forms can be obtained from the Department
by calling (804) 367-8031.

Tenemos servicios disponible en Español.

Tentative Tax Computation Worksheet
	 1.	 Total Virginia income tax I (we) expect to owe.	

1

	 2.	 Payments and credits:
(a)	 Virginia income tax withheld	

2(a)

(b)	 Virginia estimated tax payments	

2(b)

(c)	 Overpayment credit from previous taxable year	

2(c)

	 3.	 Total [add Lines 2(a), 2(b) and 2(c)]. 	

3

	 4.	 Balance due (subtract Line 3 from Line 1). Transfer to Form 760IP.	

4

Detach here and mail with your tentative tax payment. Keep the worksheet (above) with your other tax records.

Form 760IP - Page 2

	Tax Preparer’s Name	

Date	

Daytime Phone Number	

	

FEIN or PTIN

	Tax Preparer’s Address	

	

	

	

Firm Name