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Marsha411JD, Attorney
Category: Legal
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Experience:  Licensed Atty, 29 yrs exp in the practice of law.
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Does the state of Virginia tax social security and pension

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Does the state of Virginia tax social security and pension benefits for elders?

The State of Virginia does not tax Social Security Benefits. Although Virginia does tax most pension income, there is a special age deduction for individuals over 62. The amount changes every year but as of last year if you were over 64 you could deduct $12,000 from your income to get your tax basis. The tax rates depend on your overall tax bracket and if you would like more information on the specific tax rates for your income level you could take a look at: . That is the official website for the State of Virginia tax issues.
Customer: replied 7 years ago.

I presume the $12,000 deduction is subtracted from your total income to get the taxable income, right? And federal income tax is another deduction?


That is correct. You would take your Federal taxable income and deduct the $12,000, or whatever the amount for the year was, in addition to any other credits or deductions. In addition, you would deduct out all of your Social Security benefits.
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