West Virginia Subtractions
When filing your West Virginia personal income tax return, you may be eligible to subtract certain amounts from your federal adjusted gross income (AGI) to determine your West Virginia taxable income. These subtractions are specific to West Virginia and are not available on the federal return.
What Are West Virginia Subtractions?
West Virginia allows taxpayers to subtract specific items from their federal AGI to calculate their state taxable income. These subtractions are reported on Form IT-140 PIT, specifically on Line 3, which is labeled "Subtractions from Federal Adjusted Gross Income."
Eligible Subtractions
- Low-Income Earned Exclusion: This is a subtraction available to qualifying low-income taxpayers. It reduces taxable income based on earned income thresholds.
- Other State-Approved Subtractions: Any other subtractions allowed under West Virginia tax law, as specified in the Form IT-140 PIT instructions.
How to Report Subtractions
On Form IT-140 PIT, you must report all subtractions on Line 3. These subtractions must be allocated appropriately if you are filing a joint return, as explained in the instructions for Line 1. The form is used to compute each spouse’s percentage of joint tax liability, so ensure all subtractions included on the joint return are also reflected here.
Important Notes
- Subtractions must be directly related to federal AGI and must be allowed under West Virginia tax law.
- Do not include any subtractions that are not reported on your federal return or are not permitted under West Virginia law.
- Ensure that any subtraction claimed is properly documented and supported by your tax records.
Source:
Form IT-140 PIT - Personal Income Tax Forms and Instructions
Form 8379 - Allocation of Joint Tax Liability
West Virginia State Instruction Page
Disclaimer: Always verify information with the official Federal or State Department of Revenue Forms and Instructions.