Virginia State Tax Return Residents Form 760 & Non Residents 760PY

Optimise Accountants: Your Guide to Navigating Virginia State Tax Returns

Discover the essential steps for filing your Virginia state tax return, understand the nuances of Virginia state taxes rate, and efficiently check your Virginia state tax return status; Optimise Accountants can guide you through using Virginia state tax exemption forms, Form 760, and Virginia state tax Form 760PY, ensuring accuracy and compliance.

Navigating the complexities of Virginia state tax returns can be a daunting task. At Optimise Accountants, we specialize in providing expert guidance and services to help you understand and manage your Virginia state taxes efficiently. Whether you’re concerned about the Virginia state income tax rates, checking your Virginia state tax return status, or need assistance with Virginia state tax exemption forms, our team is here to assist.

Understanding the basics

Virginia’s tax system may seem complicated, but it can be easily navigated with the right expertise. Our services include assistance with various forms, including

Form 760 and Form 760PY ensure you meet all your tax obligations accurately and on time.

Form 760: Virginia Resident Income Tax Return

Form 760 is the standard form used by residents of Virginia to file their state income tax returns. It’s applicable if you are a full-year resident of Virginia.

Key Dates: The filing deadline for Form 760 is typically May 1st.

What to Report: This form covers all Virginia residents’ income, deductions, and credits.

Income tax rates

2% on the first $3,000 of taxable income.

3% on taxable income between $3,001 and $5,000.

5% on taxable income between $5,001 and $17,000.

5.75% on taxable income over $17,000.

Form 760PY: Part-Year Resident

For those who have either moved into or out of Virginia during the tax year, Form 760PY is the relevant form. It ensures that you’re only taxed on the income earned while you were a resident of Virginia.

Filing for Part-Year Residents: This form is crucial for accurately reporting income during Virginia residency.

Expert Assistance with Virginia State Tax Form 760 and Form 760PY

At Optimise Accountants, we provide comprehensive assistance with Virginia state tax Form 760 and Form 760PY. Our services are tailored to meet your individual needs, whether you’re a full-year resident, a part-year resident, or a non-resident with Virginia-sourced income.

Non-resident & Domicile and Residency:

Domicile and Residency: You are not considered a tax resident of Virginia if you do not have a domicile in the state and do not meet the residency requirements. Domicile is a legal concept and refers to where you intend to be your permanent home, where you return after being away. You can be away from your domicile for long periods, but if you maintain it as your intended permanent home, it remains your domicile.

Physical Presence: To be a non-resident, you should not have been physically present in Virginia for more than 183 days during the tax year. This is a common standard used in many states, often called the “183-day rule.”

Income Sources: Being a non-resident means you do not have income from Virginia. Suppose you earn income from sources in Virginia, such as wages for work performed in Virginia or income from rental property in the state. You may still need to file a Virginia tax return using Form 763, even as a non-resident.

Intent to Return: If you leave Virginia but intend to return, you might still be considered a resident for tax purposes. The intent to return can be demonstrated through various factors, such as maintaining a home in Virginia, having a Virginia driver’s license, voter registration, or other ties to the state.

Part-Year Residency: If you move out of Virginia and establish a new domicile in another state or country during the tax year, you may be considered a part-year resident for that year. In this case, you would file a part-year resident return (Form 760PY) for the portion of the year you were a resident of Virginia.

Example 1:Software Developer

John, a software developer in Richmond, Virginia, earned $85,000 in 2023. He files his state tax using Form 760 and, with Virginia’s progressive tax rate, faces an initial liability of about $4,250. However, after applying Virginia’s $4,500 standard deduction for single filers, his tax liability decreases. Upon checking his Virginia state tax return status, John discovers he’s eligible for a small refund, as his withheld tax exceeds his actual liability.

Example 2: London Resident

London resident Sarah owns a rental property in Norfolk, Virginia, earning $12,000 in 2023. As a non-resident, she files a Virginia tax return using Form 763 and expects to pay about 5% ($600) in state taxes. Additionally, Sarah reports this income on her UK tax return, where she can claim a Foreign Tax Credit for the Virginia taxes paid. She also utilizes Virginia’s tax exemption form to deduct allowable property expenses, lowering her Virginia taxable income.

How do I know if I need to file Form 760 or Form 760PY?

If you were a full-year resident of Virginia, you would file Form 760. If you moved into or out of Virginia during the tax year, Form 760PY is appropriate for you.

Can Optimise Accountants help me understand the Virginia state taxes rate and how it applies to me?

Absolutely! We can explain how Virginia's progressive tax rates apply to your income and help with tax planning to optimize your financial situation.

How can I check my Virginia state tax return status?

We can guide you through checking your tax return status online or assist in contacting the Virginia Department of Taxation for updates.

Book a call to see how we can help you.


Consultation options.

We offer the two following options for initial consultations.


Our Ongoing Accountancy Services

We charge on a fixed monthly fee

  • - Accounts submitted to HMRC & Companies House

  • - Tax support when needed (no extra charge)

  • - An holistic review of your tax structure and future plans

  • - Annual tax return review to discuss future tax plans


Tax Call + Report + Video Recording

Want tax advice right now? Book today

  • - Upload your questions in advance

  • - A qualified tax advisors discuss the very best solution with you

  • - A tax report & meeting recording is sent within 48 hours

  • - Clarification questions are answered via email

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