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In most cases in Virginia, if your property taxes are delinquent on December 31 following the second anniversary of the due date, the locality can start a foreclosure on your home by filing a lawsuit in court seeking permission to sell the property. (Va. Code Ann. 58.1-3965).
If you file your return within 6 months after the due date but do not pay the tax due until after that time, your return will be subject to a late payment penalty. Like the late filing penalty, the late payment penalty is assessed at a rate of 6% per month, with a maximum penalty of 30%.
Should you file if you owe nothing? You are not required to file if you dont owe any taxes and will not receive a refund. However, we periodically review and update our records to make sure that we have the correct return information on file.
In terms of the time limit for the state to collect taxes assessed and due, Virginia generally has 20 years to obtain the state taxes after the date of assessment. The taxpayer should understand when the Statute of Limitations comes into effect.
If you file your return within 6 months after the due date but do not pay the tax due until after that time, your return will be subject to a late payment penalty. Like the late filing penalty, the late payment penalty is assessed at a rate of 6% per month, with a maximum penalty of 30%.

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Age 65 or over: Each filer who is age 65 or over by January 1 may claim an additional exemption. When a married couple uses the Spouse Tax Adjustment, each spouse must claim his or her own age exemption. Blindness: Each filer who is considered blind for federal income tax purposes may claim an additional exemption.
Starting a side hustle or changing jobs, underpaying estimated quarterly taxes if youre self-employed, reporting gambling winnings, getting married or divorced, or losing a child tax credit are just some of the many reasons why you might owe state taxes this year.
This means you may need to file a Virginia state tax return even if you live in another state but made money from Virginia-related things such as: Services performed in Virginia. Rent from real estate you own in Virginia. The sale or transfer of real estate in Virginia.
The tax bracket you land in at the state level can differ from your federal tax bracket, which is one reason you might owe state taxes but not federal. Again, whether you owe state taxes or get a refund can depend on how much you paid in tax throughout the year.
People who have earnings and enough connection to the state will have to pay additional income taxes. This money is usually used in order to pay for social services like public housing, welfare, and Medicaid.

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