Joyce C. asked

💰  Tax

On our Virginia Form 760, we qualify for the Age deduction of $24,000 if one spouse only has $1500 in earned income over and above Social Security Income. Do we need to reduce the deduction to $13,500 or can the other spouse take more than the $12,000 deduction?

July 26th, 2024

John M. answered

For the 2015 taxable year, taxpayers born on or before January 1, 1951, may qualify to claim an age ...

July 26th, 2024

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