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 Va Form R 5e 2013-2024

Virginia 5e 2013-2024 Form

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Instructions and help about form r 5e virginia

Hi I'm Scott May a ski Commissioner of the revenue for Stafford County two weeks ago I posted a video talking about the hidden tax increase that's going to affect hundreds of thousands of hardworking Virginians today I want to talk to you about solutions to that problem but first let's recap the issue at hand the tax cut and Jobs Act doubled the standard deduction on the federal form for 2018 to $24,000 that's going to cause fewer and fewer Virginians to itemize that will also cause their tax bill to increase dramatically the example that we used was a married couple filing jointly who itemized their taxes in 2017 they were a able write-off $15,000 on their state return if this same couple chooses to utilize the standard deduction in 2018 their Virginia tax bill will increase by 691 dollars so what can we do about this we could choose to do nothing which is governor northern plan he wants to keep the six hundred million dollars that this tax increased generates and spend it the General

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