How do I know if I owe taxes?

In Virginia, you owe taxes if your income is above a certain amount. This amount is set by the state and changes yearly. In order to know if you owe taxes, you should first review your income and compare it to the state’s minimum amount. You can do this by looking at your W-2 form or other evidence of income you’ve earned. If your income is higher than the minimum amount set by the state, you owe taxes to the state of Virginia. You must file taxes with the Virginia Department of Taxation by April 15 each year. The form you use to file your taxes depends on your individual situation. Most individuals will use the Virginia Resident Individual Income Tax Return (Form 760). In addition to filing your income taxes, you may also have to pay other taxes, like the Virginia Sales and Use Tax. This tax applies to certain purchases and is collected by the vendors who sell the items. You should review the Virginia Department of Taxation website for a full list of taxes you may owe. By reviewing your income, filing your taxes on time, and understanding which taxes you may owe, you can ensure that you know if you owe taxes in Virginia.

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How do I know if I owe taxes?

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