Administrative Code

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Virginia Administrative Code
Title 23. Taxation
Agency 10. Department of Taxation
Chapter 112. Declaration of Estimated Income Tax by Individuals
12/1/2022

23VAC10-112-44. Failure of individual to pay estimated tax; application of section in case of tax withheld on wages.

For purposes of applying this section:

1. The estimated tax shall be computed without any reduction for the amount which the individual estimates as his credit under § 58.1-480 of the Code of Virginia and its regulations (relating to tax withheld at source on wages), and

2. The amount of the credit allowed under § 58.1-480 of the Code of Virginia and its regulations (dealing with withheld amounts credited to individual taxpayer) for the taxable year shall be deemed a payment of estimated tax, and an equal part of such amount shall be deemed paid on each installment date (determined under § 58.1-491 of the Code of Virginia and its regulations) for such taxable year, unless the taxpayer establishes the dates on which all amounts were actually withheld, in case the amounts so withheld shall be deemed payments of estimated tax on the dates on which such amounts were actually withheld.

Statutory Authority

§§ 58.1-203 and 58.1-492 of the Code of Virginia.

Historical Notes

Derived from VR630-2-492 § 5; adopted September 19, 1984, eff. January 1, 1985; amended, eff. February 1, 1989.

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