Draft 2024 Form 763, Virginia Nonresident Income Tax Return-2025

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The document is the 2024 Virginia Nonresident Income Tax Return form, which outlines the necessary information and steps for nonresidents to file their income tax in Virginia. It includes sections for personal information, filing status, income calculations, deductions, credits, and payment details. The form must be submitted by May 1, 2025, along with a complete copy of the federal tax return and other required enclosures.

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Click ‘Get Form’ to open the Draft 2024 Form 763 in our editor.
Begin by entering your personal information in the designated fields, including your first name, last name, and Social Security Number. If applicable, fill in your spouse's details.
Provide your present home address and ensure that you check any relevant boxes regarding your filing status and exemptions.
Proceed to calculate your Adjusted Gross Income (AGI) by following the instructions for Lines 1 through 9. Make sure to include all necessary additions and subtractions as indicated.
Complete the deductions section by entering either itemized deductions or standard deductions on Lines 10 and 11, respectively.
Calculate your Virginia Taxable Income on Line 15 and determine your Nonresident Taxable Income using Line 17.
Finally, review all entries for accuracy before signing the form electronically within our platform for a seamless submission process.

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How to file a Virginia non-resident tax return?

File Form 763, the nonresident return, to report the Virginia source income received as a nonresident. Generally, nonresidents with income from Virginia sources must file a Virginia return if their income is at or above the filing threshold.

What is the Virginia nonresident withholding tax rate for 2024?

The PTE is required to withhold 5% of the share of taxable income from Virginia sources that is allocable to each nonresident owner. The amount of withholding tax may be reduced by any tax credits that were earned by the PTE and allowable by the Code of Virginia that pass through to nonresident owners.

What are the withholding rates for 2024?

The SDI withholding rate for 2024 is 1.1 percent. Effective January 1, 2024, Senate Bill 951 removes the taxable wage limit and maximum withholdings for each employee subject to SDI contributions.

What is the withholding tax rate for non-residents?

Most types of U.S. source income received by a foreign person are subject to U.S. tax of 30%. A reduced rate, including exemption, may apply if an Internal Revenue Code Section provides for a lower rate, or there is a tax treaty between the foreign persons country of residence and the United States.

What is form 763 in Virginia?

Desktop: Virginia Form 763-S - Special Nonresident Claim. The state of Virginia allows a special nonresident claim for taxes paid to the state by nonresidents in error, or under special circumstances. Both spouses must complete a separate Form 763-S when both filers have Virginia income tax withheld.

2024 virginia form 763 nonresident individual income tax

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What is the Virginia state tax rate for 2024?

For 2024 (taxes filed in 2025), Virginia income tax rates are 2%, 3%, 5% and 5.75%. For example, someone earning $50,000 in taxable income would pay 2% on the first $3,000, 3% on the portion between $3,001 and $5,000, 5% on the amount between $5,001 and $17,000 and 5.75% on the remaining income.

What is the Virginia state withholding tax rate for non residents?

Amount of Pass-Through Entity Withholding Tax The pass-through entity withholding tax is equal to five percent of the share of taxable income from Virginia sources that is allocable to each nonresident owner.

Can VA form 763S be filed electronically?

Returns that cannot be filed electronically: 763S Virginia Special Nonresident Claim for Individual Income Tax Withheld. Any Virginia income tax return when the federal return is a U.S. Nonresident Alien or Dual-Status Income Tax return (Form 1040NR or 1040NR-EZ)