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Hokie CPA

Joined: 10/28/1999 Posts: 79477
Likes: 9047


Virginia's budget has to be balanced by law, I believe. So no debt to pay


down. It's only right the Commonwealth returned that money since it's their stupid method for dealing with federal tax changes that caused the surplus in the first place. When the federal government doubled the standard deduction, the state should have uncoupled the requirement to use the standard deduction if the federal standard was used. A lot of Virginia taxpayers lost boupcoup deductions by using the federal standard.

(In response to this post by PhotoHokieNC)

Posted: 10/15/2019 at 08:18AM



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Current Thread:
  $20 cash split and rest to debt payment ** -- One4VT 10/15/2019 09:36AM
  Got our a few weeks back too ** -- HokieDevil 10/15/2019 09:01AM
  sheep ** -- FfxStationHokie 10/15/2019 07:44AM
  You're heading to Cleveland? ** -- EDGEMAN 10/15/2019 07:40AM
  Is this a refund from a budget surplus? -- PhotoHokieNC 10/15/2019 07:27AM
  We got ours a couple weeks ago ** -- Burke Hokie 10/15/2019 01:28AM
  Mine came in last week too ** -- EDGEMAN 10/15/2019 07:16AM
  I wonder if they'll count this as 2019 "income"... -- MP4VT2004 10/15/2019 12:16PM

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