Schedule ADJ: Virginia Schedule of Adjustments (2024)
Virginia · Virginia Tax · Used for tax years 2024
The 2024 Virginia Schedule ADJ (Form 760-ADJ) reports additions and subtractions to federal adjusted gross income and deductions from Virginia adjusted gross income for Form 760. It also calculates the Credit for Low-Income Individuals or Virginia Earned Income Credit and reports
Who files this form
The 2024 Schedule ADJ is used with Virginia Form 760 to report:
- Additions to and subtractions from federal adjusted gross income.
- Deductions from Virginia adjusted gross income.
- The Credit for Low-Income Individuals or Virginia Earned Income Credit.
- Additions to tax, penalties, and interest.
The form refers you to the Form 760 instructions for adjustment codes and credit eligibility details.
What you'll need
Have these items available for the parts of Schedule ADJ you complete:
- Your Virginia Form 760, including the names shown on the return, Social Security number, and relevant line amounts.
- Your federal return, including any disability income reported as wages or payments in lieu of wages and any federal Earned Income Credit claimed.
- The Form 760 instructions for addition, subtraction, and deduction codes, conformity adjustments, and the Poverty Guidelines Table.
- Names, Social Security numbers, and Virginia adjusted gross income for family members listed in the credit table.
If you have more than four exemptions, attach a schedule listing the names, Social Security numbers, and Virginia adjusted gross income. Use Schedule ADJS if you need more space for additions, subtractions, or deductions.
Common mistakes
- Do not stop after page 1. The form directs you to continue with Line 10 on page 2.
- If your additions, subtractions, or deductions exceed the space on Schedule ADJ, use Schedule ADJS and fill in the indicated oval.
- If you have more than four exemptions, attach a schedule listing each person's name, Social Security number, and Virginia adjusted gross income.
- Use Schedule VAC to make contributions.
- For the credit on Line 17, choose the credit option that benefits you most rather than combining the refundable and nonrefundable options.
Questions people ask
Where do I enter my adjustment totals on Form 760?
Transfer total additions from Schedule ADJ, Line 3, to Form 760, Line 2. Transfer total subtractions from Line 7 to Form 760, Line 7, and total deductions from Line 9 to Form 760, Line 13.
Where do I find the codes for additions, subtractions, and deductions?
Schedule ADJ directs you to the Form 760 instructions for these codes. It also directs you to the instructions for conformity additions and subtractions.
How do I check whether I qualify for the Credit for Low-Income Individuals?
Complete the family income table and enter the total number of exemptions on Line 11. Then refer to the Poverty Guidelines Table in the Form 760 instructions to check whether you qualify.
What credit options does Schedule ADJ show?
The nonrefundable option is the lesser of Schedule ADJ, Line 16a, and Form 760, Line 18. The refundable option on Line 16b is 15% of the federal Earned Income Credit entered on Line 14. Choose the option that benefits you most and enter the credit on Schedule ADJ, Line 17, and Form 760, Line 23.
Where do I report additions to tax, penalties, and interest?
Enter these amounts on Lines 18 through 20. Add them on Line 21 and transfer the total to Form 760, Line 32.