Virginia State Income Tax Refunds Delay
Are Virginia state income tax refunds delayed? Virginia will owe income tax refunds lagging due to delay in changes to state tax law to conform with federal law. The state issued $210 million less in refunds last month than same month a year ago.
Tax Penalties for Late Filing in Virginia
What is penalty for filing Virginia state taxes late? The penalty is 6% of the tax due for every month or part of a month return is late. Maximum penalty is 30% of the tax due.
Tax Filing and Refunds Overview
Overview of Virginia taxes. Virginia has progressive income tax, with top marginal rate slightly lower than national average. Average sales tax, combining state and local rates, is 10th-lowest in country. Virginia’s property taxes also below national average.
Tax Filing and Refund Processing Information
How long does it take to get full tax refund? If you file complete and accurate paper tax return, your refund should be issued in about six to eight weeks from date IRS receives your return.
Sales taxes rose by 8.6% in February and are running about $161 million ahead of the new forecast for the fiscal year.
When should I expect my Virginia tax return? If you filed your return electronically, your tax refund should be processed within 10 days. If you filed a paper return, please wait 4 weeks from the date you filed your tax return before contacting a service representative.
Factors Causing Delay in Tax Refunds
How long does it take to process a West Virginia tax return? General refund processing times during filing season: Electronically filed returns: Up to 4 weeks. Paper filed returns: Up to 8 weeks.
Amended Tax Returns and Rebates
The Virginia Department of Taxation will begin issuing rebates in late October 2023. If you are eligible for the rebate, you will receive it by direct deposit or mail, depending on how you filed your tax return.
Refund Status and Contact Information
To check on the status of your Virginia tax refund, visit Virginia Tax‘s Where’s My Refund? site. According to Virginia Tax, it is generally taking up to 4 weeks to process e-filed return refunds, and up to 8 weeks for paper filed returns.
For refund-related questions, contact Virginia Tax.