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Fill Out a Valid Wv Tax Form

The WV Tax Form, specifically the IT-140 West Virginia Personal Income Tax Return for the year 2020, is a crucial document for residents of West Virginia to understand and complete. It encompasses everything from personal income details to specific instructions for various schedules such as the UT, M, A, E, and others, aiming to guide taxpayers through the process of accurately reporting their income and calculating tax owed or refunds due. With the deadline set for April 15, 2021, these forms play an essential role in fulfilling state tax obligations.

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Amidst the stunning backdrop of the New River Gorge Bridge, captured poignantly on its cover, the 2020 West Virginia Personal Income Tax Packet unfurls a comprehensive guide tailored for residents navigating the complexities of tax filing. With a due date stamped as April 15, 2021, the packet not only delineates the procedures for completing the IT-140 form but also meticulously outlines additional schedules and instructions essential for taxpayers pursuing deductions, credits, and specific income adjustments. These added documents, including schedules for the underused tax (UT), modifications (M), adjustments (A), earnings (E), the Family Tax Credit, and a detailed tax rate table, augment the taxpayer's ability to accurately compute their financial obligations to the state. Contributors to this compilation have taken great care to ensure that integral facets such as eligibility for different filing statuses, deciphering the labyrinth of exemptions, and fulfilling the due diligence for accurately reporting income and deductions are clearly addressed. Furthermore, the packet thoughtfully provides nuances for nonresidents and part-year residents, solidifying its role as an indispensable resource in demystifying the annual endeavor of tax preparation for every filer within its jurisdiction.

Sample - Wv Tax Form

2021

Wൾ ඌ ඍ V උ ඀ ඇ ൺ

Personal Income Tax Forms & Instructions

2021 PERSONAL INCOME TAX IS DUE APRIL 18, 2022

WE S T V I R G I N I A S TAT E TA X D E PA RT M E N T

TABLE OF CONTENTS

Schedule UT Instructions		10
Important Information for 2021		13
Tips on Filing a Paper Return		14
General Information		15
Form IT-140 Instructions		19
Schedule M Instructions		21
Schedule A Instructions		24
Schedule E Instructions		26
Form IT-210 Instructions		27
2021	Family Tax Credit Tables	31
2021	West Virginia Tax Table	32
2021	Tax Rate Schedules	37
Index		49

COVER PHOTOGRAPH BY JINDALAY

		IT-140	W	WEST VIRGINIA PERSONAL INCOME TAX RETURN	2021
		REV 9-21		WEST VIRGINIA PERSONAL INCOME TAX RETURN	2021

SOCIAL

SECURITY

NUMBER

LAST NAME

SPOUSE’S

LAST NAME

FIRST LINE OF

ADDRESS

CITY

TELEPHONE

NUMBER

Deceased	*SPOUSE’S		Deceased
	SOCIAL SECURITY
Date of Death:	SOCIAL SECURITY		Date of Death:
Date of Death:	NUMBER		Date of Death:
		YOUR
	SUFFIX	FIRST		MI
		NAME
		SPOUSE’S
	SUFFIX	FIRST		MI
		NAME
	SECOND LINE
	OF ADDRESS
	STATE	ZIP CODE
	STATE	ZIP CODE
EMAIL		EXTENDED DUE DATE
		EXTENDED DUE DATE
		MM/DD/YYYY
		MM/DD/YYYY

Amended return

Check before 4/18/22 if you wish to stop the original debit (amended return only)

Nonresident Special

Nonresident/ Part-Year Resident

Form WV-8379 ﬁled as an injured spouse

FILING

STATUS

(Check One)

Single

Head of Household

Married, Filing Joint

Married, Filing

Separate

*Enter spouse’s SS# and name in the boxes above

Widow(er) with dependent child

				Enter “1” in boxes a	Yourself	(a)
Exemptions	(If someone can claim you as a dependent, leave box (a) blank.)			Enter “1” in boxes a	{ Spouse
Exemptions				and b if they apply	{ Spouse	(b)
c. List your dependents. If more than ﬁve dependents, continue on Schedule DP on page 6.
First name		Last name	Social Security		Date of Birth
First name		Last name		Number	(MM DD YYYY)
				Number	(MM DD YYYY)

d. Additional exemption if surviving spouse (see page 17)	Enter total number of dependents	(c)
Enter decedents SSN: ______________________ Year Spouse Died: _____________________		(d)
e. Total Exemptions (add boxes a, b, c, and d). Enter here and on line 6 below. If box e is zero, enter $500 on line 6 below.		(e)

1.Federal Adjusted Gross Income or income to claim senior citizen tax credit from Schedule SCTC-A

2.Additions to income (line 56 of Schedule M).............................................................................................

3.Subtractions from income (line 48 of Schedule M)....................................................................................

4.West Virginia Adjusted Gross Income (line 1 plus line 2 minus line 3)......................................................

5.Low-Income Earned Income Exclusion (see worksheet on page 23)........................................................

6.Total Exemptions as shown above on Exemption Box (e) ________ x $2,000 ........................................

7.West Virginia Taxable Income (line 4 minus lines 5 & 6) IF LESS THAN ZERO, ENTER ZERO ............

8.Income Tax Due (Check One) .................................................................................................................

Tax Table

Rate Schedule

Nonresident/Part-year resident calculation schedule

.00

TAX DEPT USE ONLY

PAY COR SCTC NRSR HEPTC PLAN

MUST INCLUDE WITHHOLDING

FORMS WITH THIS RETURN

(W-2s, 1099s, Etc.)

–1–

*P40202101W*

	PRIMARY LAST NAME
		SOCIAL SECURITY		8.Total Taxes Due
	SHOWN ON FORM
		NUMBER		(line 8 from previous page)
	IT-140
					8
9.	Credits from Tax Credit Recap Schedule (see schedule on page 5 ) (now includes the Family Tax Credit)				9
10.	Line 8 minus 9. If line 9 is greater than line 8, enter 0				10
11.	Overpayment previously refunded or credited (amended return only)		...........................................................		11
		CHECK IF REQUESTING WAIVER/ANNUALIZED
12.	Penalty Due from Form IT-210	WORKSHEET ATTACHED		If you owe penalty, enter here	12
13.	West Virginia Use Tax Due on out-of-state purchases
	(See Schedule UT on page 9).		CHECK IF NO USE TAX DUE		13
14.	Add lines 10 through 13. This is your total amount due				14
			Check if withholding from NRSR
15.	West Virginia Income Tax Withheld (See instructions)		(Nonresident Sale of Real Estate)		15
16.	Estimated Tax Payments and Payments with Schedule 4868				16
17.	Non-Family Adoption Tax Credit if applicable (include Schedule WV NFA-1)				17
18.	Senior Citizen Tax Credit for property tax paid (include Schedule SCTC-A)				18
19.	Homestead Excess Property Tax Credit for property tax paid (include Schedule HEPTC-1)				19
20.	Amount paid with original return (amended return only)				20
21.	Payments and Refundable Credits (add lines 15 through 20)				21
22.	Balance Due (line 14 minus line 21). If Line 21 is greater than line 14, complete line 23			..... PAY THIS AMOUNT	22
23.	Line 21 minus line 14. This is your overpayment				23
24.	Donations of part or all of line 23. Indicate below and enter the sum of columns 24A, 24B, and 24C on Line 24
	24A. WEST VIRGINIA	24B. WEST VIRGINIA DEPARTMENT OF		24C. DONEL C. KINNARD MEMORIAL
	CHILDREN’S TRUST FUND	VETERANS ASSISTANCE		STATE VETERANS CEMETERY
					24
25.	Amount of Overpayment to be credited to your 2022 estimated tax				25
26.	Refund due to you (line 23 minus line 24 and line 25)			REFUND
					26

.00

Direct Deposit of Refund

CHECKING

SAVINGS

ROUTING NUMBER

ACCOUNT NUMBER

PLEASE REVIEW YOUR ACCOUNT INFORMATION FOR ACCURACY. INCORRECT ACCOUNT INFORMATION MAY RESULT IN A $15.00 RETURNED PAYMENT CHARGE.

I authorize the State Tax Department to discuss my return with my preparer

YES

Under penalty of perjury, I declare that I have examined this return, accompanying schedules, and statements, and to the best of my knowledge and belief, it is true, correct and complete.

Your Signature					Date	Spouse’s Signature	Date	Telephone Number
	Preparer: Check
	HERE if client is
	HERE if client is
	requesting that form
	NOT be e-ﬁled
	NOT be e-ﬁled			Preparer’s EIN	Signature of preparer other than above		Date	Telephone Number
				Preparer’s EIN	Signature of preparer other than above		Date	Telephone Number

Preparer’s Printed Name					Preparer’s Firm
		FOR REFUND, MAIL TO THIS ADDRESS:				FOR BALANCE DUE, MAIL TO THIS ADDRESS:
		WV STATE TAX DEPARTMENT				WV STATE TAX DEPARTMENT
			P.O. BOX 1071			P.O. BOX 3694
		CHARLESTON, WV 25324-1071				CHARLESTON, WV 25336-3694

Payment Options: Returns ﬁled with a balance of tax due may pay through any of the following methods:

•Check or Money Order payable to the WV State Tax Department - Enclose check or money order with your return.

•Electronic Payment - May be made by visiting mytaxes.wvtax.gov and clicking on “Pay Personal Income Tax”.

•Credit Card Payment – May be made by visiting the Treasurer’s website at: epay.wvsto.com/tax

–2–

*P40202102W*

Schedule

Form IT-140

M W MODIFICATIONS TO ADJUSTED GROSS INCOME 2021

Modiﬁcations Decreasing Federal Adjusted Gross Income																Column A (You)		Column B (Spouse)
27.	Interest or dividends received on United States or West Virginia obligations, or
	allowance for government obligation income, included in federal adjusted gross income														27		.00		.00
	but exempt from state tax														27		.00		.00
28.	Total amount of any beneﬁt (including survivorship annuities) received from certain														28
	federal retirement systems by retired federal law enforcement oﬃcers														28		.00		.00
29.	Total amount of any beneﬁt (including survivorship annuities) received from WV state														29
	or local police, deputy sheriﬀs’ or ﬁremen’s retirement system, Excluding PERS –see														29		.00		.00
	page 22
30.	.....................................................................................Military Retirement Modiﬁcation														30		.00		.00
															30		.00		.00
31.	Other Retirement Modiﬁcation									Column A (You)			Column B (Spouse)
(a) West Virginia Teachers’ and
	Public Employees’ Retirement											.00		.00		Add lines 31 (a) and (b). If that sum is greater than $2000, enter $2000
(b)Federal Retirement Systems
	(Title 4 USC §111)											.00		.00	31		.00		.00
32.	Social Security Beneﬁts
(a) TOTAL Social Security Beneﬁts.												.00		.00		You cannot claim this modiﬁcation if your Federal AGI exceeds
(b) Beneﬁts exempt for Federal tax																$ 50,000 for SINGLE or MARRIED SEPARATE ﬁlers
																$ 50,000 for SINGLE or MARRIED SEPARATE ﬁlers
																$100,000 for MARRIED JOINT ﬁlers
	purposes											.00		.00		Multiply 32 (c) by 0.65
(c) Beneﬁts taxable for Federal tax
	purposes (line a minus line b)											.00		.00	32		.00		.00
33.	Certain assets held by subchapter S Corporation bank											..................................................			33		.00		.00
34.	Active Duty Military pay for personnel with West Virginia Domicile														34		.00		.00
	(See instructions on page 22)							........................................................................................							34		.00		.00
35.	Active Military Separation (see instructions on page 22)														35		.00		.00
	Must enclose military orders and discharge papers														35		.00		.00
36.	Refunds of state and local income taxes received and reported as income to the IRS ...														36		.00		.00
37.	Contributions to the West Virginia Prepaid Tuition/Savings Plan Trust Funds														37		.00		.00
38.	Railroad Retirement Board Income received										..................................................................				38		.00		.00
39.	Long-Term Care Insurance														39		.00		.00
40.	IRC 1341 Repayments														40		.00		.00
41.	Autism Modiﬁcation (instructions on page 22)														41		.00		.00
42.	ABLE Act		.......................................................................................................................												42		.00		.00
43.	PBGC Modiﬁcation					.....................
(a) retirement beneﬁts that would have been												.00		.00		Subtract line 43 (b ) from (a)
	paid from your employer-provided plan
	paid from your employer-provided plan
(b) retirement beneﬁts actually received												.00		.00	43		.00		.00
	from PBGC											.00		.00	43		.00		.00
44.	Qualiﬁed Opportunity Zone business income														44		.00		.00
															44		.00		.00
		(a) Year		of birth		(b)	Year	of	(c) Income not included in				(d) Add lines 27 through 32
45.		(65 or older)				disability				lines 33 to 44
		(65 or older)				disability				lines 33 to 44						Subtract line 45 column (d) from (c) (If less than zero, enter zero)
										(NOT TO EXCEED $8000)
You												.00		.00			.00
												.00		.00			.00
Spouse												.00		.00	45				.00
												.00		.00	45				.00
	P40202103W											46. Surviving spouse deduction			46		.00		.00
	P40202103W											Continues on next page
												(instructions on page 23)
												Modiﬁcations Decreasing Federal Adjusted Gross Income
		P	4	0	2	0	2	1	0	3	W
													–3–
													–3–

Schedule

Form IT-140

M W MODIFICATIONS TO ADJUSTED GROSS INCOME 2021

Modiﬁcations Decreasing Federal Adjusted Gross Income

Column A (You)

Column B (Spouse)

47. Add lines 27 through 46 for each column	47	.00
48.Total Subtractions (line 47, Col A plus line 47,Col B) Enter here and on line 3 of FORM IT-140.	48

.00

Modiﬁcations Increasing Federal Adjusted Gross Income
49.	Interest or dividend income on federal obligations which is exempt from federal tax but subject to state tax	49
50.	Interest or dividend income on state and local bonds other than bonds from West Virginia sources	50
51.	Interest on money borrowed to purchase bonds earning income exempt from West Virginia tax	51
52.	Qualifying 402(e) lump-sum income NOT included in federal adjusted gross income but subject to state tax	52
53.	Other income deducted from federal adjusted gross income but subject to state tax	53
54.	Withdrawals from a WV Prepaid Tuition/Savings Plan Trust Funds NOT used for payment of qualifying expenses	54
55.	ABLE ACT withdrawals not used for qualifying expenses	55
56.TOTAL ADDITIONS (Add lines 49 through 55). Enter here and on Line 2 of Form IT-140		56

.00

*P40202104W*

–4–

RECAP	W	TAX CREDIT RECAP SCHEDULE	2021
Form IT-140

This form is used by individuals to summarize tax credits that they claim against their personal income tax. In addition to completing this summary form, each tax credit has a schedule or form that is used to determine the amount of credit that can be claimed. Both this sum- mary form and the appropriate credit calculation schedule(s) or form(s) MUST BE ENCLOSED with your return in order to claim a tax credit. Information for all of these tax credits may be obtained by visiting our website at tax.wv.gov or by calling the Taxpayer Services Division at 1-800-982-8297.

Note: If you are claiming the Schedule E credit(s) or the Neighborhood Investment Program Credit you are no longer required to enclose the other state(s) return(s) or the NIPA-2 schedule with your return. You must maintain the other state(s) return(s) or NIPA-2 schedule in your ﬁles.

WEST VIRGINIA TAX CREDIT RECAP SCHEDULE

		TAX CREDIT	SCHEDULE	APPLICABLE CREDIT
1.	................................................Credit for Income Tax paid to another state(s)		E	1	.00

** For what states?

2.	....................................................................Family Tax Credit (see page 39)		FTC-1	2	.00

3.	......................................................General Economic Opportunity Tax Credit		WV EOTC-PIT	3	.00

4.	..........................................WV Environmental Agricultural Equipment Credit		WV AG-1	4	.00

5.	............................................................................WV Military Incentive Credit		J	5	.00

6.	.....................................................Neighborhood Investment Program Credit		NIPA-2	6	.00

7.	........................................Historic Rehabilitated Buildings Investment Credit		RBIC	7	.00

8.	...................Qualiﬁed Residential Rehabilitated Buildings Investment Credit		RBIC-A	8	.00

9.	................................................................Apprenticeship Training Tax Credit		WV ATTC-1	9	.00

10.	.............................................................................Alternative-Fuel Tax Credit		AFTC-1	10	.00

11.	..................................................................Conceal Carry Gun Permit Credit		CCGP-1	11	.00

.........................................................................12. Farm to Food Bank Tax Credit				12	.00

13.	.................Downstream Natural Gas Manufacturing Investment Tax Credit		DNG- 2	13	.00

14.	Post Coal Mine Site Business Credit		PCM-2	14	.00

15.	.......................................................................................Natural Gas Liquids		NGL-2	15	.00

16.	Donation or Sale of Vehicle to Qualiﬁed Charitable Organizations		DSV-1	16	.00

17.	Small Arms And Ammunition Manufacturers Credit		SAAM-1	17	.00

18.TOTAL CREDITS — add lines 1 through 17. Enter on Form IT-140, line 9				18	.00

**You cannot claim credit for taxes paid to KY, MD, PA, OH, or VA unless your source income is other than wages and/or salaries.

*P40202105W*

–5–

Schedule

FTC-1

Form IT-140 W

FAMILY TAX CREDIT

2021

A Family Tax Credit is available to certain individuals or families that may reduce or eliminate their West Virginia personal income tax. You may be entitled to this credit if you meet certain income limitations and family size. Individuals who ﬁle their income tax return with zero exemptions cannot claim the credit. Persons who pay the federal alternative minimum tax are not eligible to claim this credit. In order to determine if you are eligible for this credit, complete the schedule below and attach to Form IT-140.

If this schedule is not enclosed with Form IT-140, the credit will be disallowed.

1.Federal Adjusted Gross Income (enter the amount from line 1 of Form IT-140).................................................

2.Increasing West Virginia modiﬁcations (enter the amount from line 2 of Form IT-140).......................................

3.Tax-exempt interest reported on federal tax return (enter the amount shown on Federal Form 1040 that is not already included on line 2 of Form IT-140)..........................................................................................................

4.Add lines 1 through 3. This is your Modiﬁed Federal Adjusted Gross Income for the Family Tax Credit............

5.Enter the number of exemptions claimed from Form IT-140, sum of boxes a, b, and c (This is your Family Size for the Family Tax Credit)............................................................................................................................

6.Enter the Family Tax Credit Percentage for your family size AND Modiﬁed Federal Adjusted Gross Income level from the tables on page 31. If the exemptions on line 5 are greater than 8, use the table for a family size of 8

7.Enter your income tax due from line 8 of Form IT-140........................................................................................

8.Multiply the amount on line 7 by the percentage shown on line 6

This is your Family Tax Credit. Enter this amount on line 2 of Form IT-140 RECAP .....................................

.00

Schedule

Form IT-140

DPSCHEDULE OF ADDITIONAL DEPENDENTS 2021

Use this schedule to continue listing dependents. If space is needed for more than 18 dependents, a copy of this form may be obtained from the West Virginia State Tax Department’s website: tax.wv.gov.

First Name

Last Name

Social Security Number

Date of Birth

MM DD YYYY

*P40202110W*

–6–

Schedule

Form IT-140 W

STATEMENT OF CLAIMANT	2021
TO REFUND DUE DECEASED TAXPAYER

Attach completed schedule to decedent’s return

NAME OF

DECEDENT

DATE OF	SOCIAL SECURITY
DEATH	NUMBER

ADDRESS
(permanent residence or
domicile at date of death)

CITY	STATE	ZIP
CITY	STATE	CODE
		CODE

NAME OF

CLAIMANT

SOCIAL SECURITY

NUMBER

ADDRESS

CITY	STATE	ZIP
CITY	STATE	CODE
		CODE

I am ﬁling this statement as (check only one box):

A. Surviving wife or husband, claiming a refund based on a joint return

B. Administrator or executor. Attach a court certiﬁcate showing your appointment.

C.Claimant for the estate of the decedent, other than above. Complete the rest of this schedule and attach a copy of the death certiﬁcate or proof of death*

ATTACH A LIST TO THIS SCHED-

ULE CONTAINING THE NAME AND ADDRESS OF THE SURVIV- ING SPOUSE AND CHILDREN OF THE DECEDENT.

TO BE COMPLETED ONLY IF BOX C ABOVE IS CHECKED

YES NO

1. Did the decedent leave a will?....................................................................................................................................................................

2(a).Has an administrator or executor been appointed for the estate of the decedent?......................................................................................

2(b) If "NO" will one be appointed?......................................................................................................................................................................

If 2(a) or 2(b) is checked "YES", do not ﬁle this form. The administrator or executor should ﬁle for the refund.

3.Will you, as the claimant for the estate of the decedent, disburse the refund according to the laws of the state in which the decedent

was domiciled or maintained a permanent residence?.................................................................................................................................

If "NO", payment of this claim will be withheld pending submission of proof of your appointment as administrator or execu- tor or other evidence showing that you are authorized under state law to receive payment.

SIGNATURE AND VERIFICATION

I hereby make request for refund of taxes overpaid by, or on behalf of the decedent and declare under penalties of perjury, that I have examined this claim and to the best of my knowledge and belief, it is true, correct and complete.

Signature of claimant _____________________________________________________ Date _______________________________

*May be the original of an authentic copy of a telegram or letter from the Department of Defense notifying the next of kin of death while in active service, or a death certificate issued by the appropriate officer of the Department of Defense.

*P40202116W*

–7–

Schedules

H & E

Form IT-140 W

CERTIFICATION FOR PERMANENT AND TOTAL DISABILITY	2021
AND CREDIT FOR INCOME TAX PAID TO ANOTHER STATE

SCHEDULE H CERTIFICATION OF PERMANENT AND TOTAL DISABILITY

TAXPAYERS WHO ARE DISABLED DURING 2021 REGARDLESS OF AGE

If you were certiﬁed by a physician as being permanently and totally disabled during the taxable year 2021, OR you were the surviving spouse of an individual who had been certiﬁed disabled and DIED DURING 2021, read the instructions to determine if you qualify for the income reducing modiﬁcation allowed on Schedule M.

If you qualify, you must (1) enter the name of and social security number of the disabled taxpayer in the space provided on this form, (2) have a physician complete the remainder of the certiﬁcation statement and return it to you, (3) enclose the completed certiﬁcation with your West Virginia personal income tax return, and (4) complete Schedule M to determine your modiﬁcation.

A COPY OF YOUR FEDERAL SCHEDULE R (PART II) MAY BE SUBSTITUTED FOR THE WEST VIRGINIA SCHEDULE H.

If you have provided the West Virginia State Tax Department with an approved Certiﬁcation of Permanent and Total Disability for a prior year AND YOUR DISABILITY STATUS DID NOT CHANGE FOR 2021, you do not have to submit this form with your return. However, you must have a copy of your original disability certiﬁcation should the Department request veriﬁcation at a later date.

I Certify under penalties of perjury that the taxpayer named below was permanently and totally disabled on or before December 31, 2021.

	Name of Disabled Taxpayer			Social Security Number

	Physician’s Name			Physician's FEIN Number

	Physician’s Street Address

	City			State	Zip Code
Physicians		Date
		Date

Signature			MM	DD	YYYY
			MM	DD	YYYY

INSTRUCTIONS TO PHYSICIAN COMPLETING DISABILITY STATEMENT

A PERSON IS PERMANENTLY AND TOTALLY DISABLED WHEN HE OR SHE IS UNABLE TO ENGAGE IN ANY SUBSTANTIAL GAINFUL ACTIVITY BECAUSE OF A MENTAL OR PHYSICAL CONDITION AND THAT DISABILITY HAS LASTED OR CAN BE EXPECTED TO LAST CONTINUOUSLY FOR AT LEAST A YEAR, OR CAN BE EXPECTED TO LEAD TO DEATH. IF, IN YOUR OPINION, THE INDIVIDUAL NAMED ON THIS STATEMENT IS PERMANENTLY AND TOTALLY DISABLED DURING 2021, PLEASE CERTIFY SUCH BY ENTERING YOUR NAME, ADDRESS, SIGNATURE, DATE, AND FEIN NUMBER IN THE SPACES PROVIDED ABOVE AND RETURN TO THE INDIVIDUAL.

ANOTHER STATE

RESIDENCY STATUS

Resident

Nonresident – did not maintain a residence in West Virginia during the taxable year (NO CREDIT IS ALLOWED)

Part-Year Resident – maintained a residence in West Virginia for part of the year; check the box which describes your situation and enter the date of your move:

MM DD YYYY Moved into West Virginia

Moved out of West Virginia, but had West Virginia source income during your nonresident period Moved out of West Virginia and had no West Virginia source income during your nonresident period

SCHEDULE E CREDIT FOR INCOME TAX PAID TO

1.INCOME TAX COMPUTED on your 2021 _________________ return. Do not report Tax Withheld State Abbreviation

2.West Virginia total income tax (line 8 of Form IT-140).........................................................................................

3.Net income derived from above state included in West Virginia total income.....................................................

4.Total West Virginia Income (Residents–Form IT-140, line 4. Part-Year Residents-Schedule A, line 26)............

5.Limitation of Credit (line 2 multiplied by line 3 divided by line 4).........................................................................

6. Alternative West Virginia taxable income Residents – subtract line 3 from line 7, Form IT-140

Part-year residents – subtract line 3 from line 4.............................

7.Alternative West Virginia total income tax (Apply the Tax Rate Schedule to the amount shown on line 6).........

8.Limitation of credit (line 2 minus line 7)...............................................................................................................

9.Maximum credit (line 2 minus the sum of lines 2 through 17 of the Tax Credit Recap Schedule)

10.Total Credit (SMALLEST of lines 1,2, 5, 8, or 9) enter here and on line 1 of the Tax Credit Recap Schedule.

.00

A SEPARATE SCHEDULE E MUST BE COMPLETED FOR EACH STATE FOR WHICH CREDIT IS CLAIMED. YOU MUST MAINTAIN A COPY OF THE OTHER STATE TAX RETURN IN YOUR FILES. IN LIEU OF A RETURN YOU MAY MAINTAIN AN INFORMATION STATEMENT AND THE WITHHOLDING STATEMENTS PROVIDED BY THE PARTNERSHIP, LIMITED LIABILITY COMPANY OR S-CORPORATIONS. THIS CREDIT IS NOT ALLOWED IN ANY CASE FOR INCOME TAX IMPOSED BY A CITY, TOWNSHIP, BOROUGH, OR ANY OTHER POLITICAL SUBDIVISION OF A STATE OR ANY OTHER COUNTRY.

⇩ PDF Form

Document Specifics

Fact	Detail
Due Date	Personal Income Tax for 2020 is due on April 15, 2021.
Governing Law	State of West Virginia Tax Departments oversees and governs the administration of personal income taxes.
Form IT-140	Used for West Virginia Personal Income Tax Return for the year 2020.
Exemptions and Deductions	Allows for exemptions such as spouse, dependents, and additional exemptions for surviving spouses.
Modification Schedules	Includes schedules for various adjustments to income, such as Schedule M, UT, A, E among others for specific income adjustments.
Tax Credits and Payments	Offers information on tax credits such as the Family Tax Credit, Homestead Excess Property Tax Credit, and others, as well as instructions for payments and refunds.

Guide to Using Wv Tax

Filling out the West Virginia (WV) Personal Income Tax Form IT-140 requires attention to detail and a thorough understanding of your financial situation for the year it covers. This form is a crucial document for residents, part-year residents, and nonresidents who have earned income in WV. Completing it accurately ensures you're compliant with state tax laws and helps avoid potential penalties or audits. Following a step-by-step guide can make this process smoother and less daunting.

Here are the steps to follow when filling out the WV IT-140 form:

Gather necessary documents, such as your Social Security number, W-2 forms, federal income tax return, and any relevant deductions or credits information.
Start by entering your personal information at the top of the form, including your Social Security number, name, spouse's information (if applicable), mailing address, telephone number, and email address.
Choose your filing status by checking the appropriate box for single, married filing jointly, married filing separately, head of household, or qualifying widow(er) with a dependent child.
Enter exemptions in the designated area: you, your spouse (if applicable), and dependents. Ensure to provide the names, social security numbers, and dates of birth for all dependents.
Input your Federal Adjusted Gross Income (FAGI) in the box provided. If you're claiming the senior citizen tax credit, refer to Schedule SCTC-1.
For any additions or subtractions to your income as per WV state instructions, refer to Schedules M, A, and E accordingly, and fill in the relevant sections.
Calculate your WV Adjusted Gross Income by adding or subtracting these amounts from your FAGI.
Determine your exemptions amount and enter it on the form. Multiply the $2,000 exemption value by the total number of exemptions claimed in step 4.
Compute your WV Taxable Income by subtracting the exemptions and low-income earned income exclusions from your WV Adjusted Gross Income.
Select the appropriate income tax due method: Tax Table, Rate Schedule, or Nonresident/Part-Year Resident Calculation Schedule, and enter the tax amount.
Complete the sections for tax withheld, estimated tax payments, credits, and other taxes due, such as the WV Use Tax if applicable.
If you owe additional taxes or are due a refund, calculate these amounts and enter them in the designated boxes.
Choose your refund method, if applicable, and provide your bank routing and account numbers for direct deposit.
Review the entire form for accuracy. Then, sign and date the form at the bottom along with your spouse if filing jointly. Include the preparer's information if someone else prepared the return for you.
Finally, mail your completed WV IT-140 form to the correct address based on whether you are receiving a refund or owe a balance. Ensure to include all required documentation, such as W-2s or 1099 forms.

By taking each step one at a time and ensuring all information is correct and complete, you can successfully file your WV IT-140 form. Remember to keep a copy for your records and note the due date to avoid penalties.

Essential Points on Wv Tax

What is the due date for filing the 2020 West Virginia Personal Income Tax Return?

The due date for filing the 2020 West Virginia Personal Income Tax Return is April 15, 2021.

Can I file an amended return, and if so, how?

Yes, you can file an amended return by checking the box for an amended return on the IT-140 form before April 15, 2021, if you wish to stop the original debit for an amended return only.

What are the options for filing status on the West Virginia Tax Form?

The filing status options include Single, Head of Household, Married Filing Joint, Married Filing Separate, and Widow(er) with a dependent child.

How do I claim exemptions on the West Virginia Tax Form?

Exemptions can be claimed in the exemptions section by entering "1" in the boxes if they apply to you or your spouse and listing your dependents. If no exemptions apply, enter $500 on line 6 of the form.

What should I do if I or my spouse is deceased?

If the taxpayer or spouse is deceased, check the deceased box and provide the date of death next to the Social Security Number for the deceased individual.

How do I calculate my West Virginia Taxable Income?

Your West Virginia Taxable Income is calculated by taking your West Virginia Adjusted Gross Income and subtracting any Low-Income Earned Income Exclusions, along with the total exemptions indicated in the Exemptions Box (e).

What are the payment options for filing the West Virginia Personal Income Tax?

Payment options include check or money order payable to the WV State Tax Department, electronic payment via the official website, or credit card payment through the Treasurer’s website.

How can I get a refund or credit for overpayment?

If you have overpaid, you can receive a refund or credit towards your 2021 estimated tax. The overpayment amount can be indicated on lines 23, 24, 25, and 26 of the form. For direct deposit of the refund, ensure routing and account numbers are provided and accurate.

What should I do if I owe a penalty?

If you owe a penalty, you may request a waiver by checking the appropriate box and providing the form IT-210. The penalty amount should be included on line 12 of the form.

Are there any credits available that I should be aware of?

Yes, credits available include the Family Tax Credit, Non-Family Adoption Tax Credit, Senior Citizen Tax Credit for property tax paid among others. Details for claiming these credits are provided in the instructions for the relevant schedules and forms.

Common mistakes

Filling out tax forms can often be a daunting task, and errors can easily occur. When it comes to the West Virginia Personal Income Tax Return form, there are several common mistakes that people make. Identifying and avoiding these errors can help ensure a smoother process and potentially avoid delays or issues with your tax return.

One of the first areas where mistakes occur is in the personal information section. It is crucial to double-check that all personal information is accurate and matches official documents. This includes social security numbers, names, addresses, and dates of death for deceased spouses if applicable. Incorrect information in this section can lead to processing delays or misdirected correspondence.

Incorrectly choosing a filing status is another common error. The filing status affects tax rates and available deductions and credits, so it’s important to select the one that best matches your situation. Options include Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Widow(er) with Dependent Child. Misunderstanding or incorrectly selecting a status can significantly impact the tax outcome.

When it comes to exemptions and dependents, mistakes here can also lead to incorrect tax calculations. Taxpayers should carefully list all dependents, ensuring that social security numbers and dates of birth are correct. Additionally, understanding the criteria for claiming someone as a dependent is crucial to avoid claiming ineligible individuals.

Another area prone to errors is the income section. Taxpayers must accurately report all sources of income. This includes double-checking entries for Federal Adjusted Gross Income and properly reporting any additions or subtractions on Schedule M. Overlooking certain sources of income or deductions can result in inaccuracies in the reported income.

Miscalculating deductions and credits is also common. Taxpayers should ensure they fully understand the qualifications for each deduction or credit claimed. This includes accurately completing Schedules like the Low-Income Earned Income Exclusion and properly calculating the total exemptions on the return.

Incorrectly calculating tax owed or refunds is a mistake that directly affects the outcome of your return. Using the correct tax table or rate schedule based on your filing status and income is essential to determine the correct tax amount. Additionally, accurately applying any credits and understanding how they affect the overall tax liability or refund amount is crucial.

Overlooking additional taxes or payments such as the West Virginia Use Tax on out-of-state purchases is another error that can occur. Taxpayers should review their purchases and accurately report any use tax owed on Schedule UT.

Finally, errors in direct deposit information can delay any refund due. Providing accurate routing and account numbers ensures that any refund is promptly and correctly deposited into your bank account.

In summary, thorough review and careful attention to detail can help avoid these common mistakes on the West Virginia Personal Income Tax Return form. When in doubt, consulting the instructions provided by the West Virginia State Tax Department or seeking professional advice can be invaluable resources in accurately completing your tax return.

Documents used along the form

Filing taxes in West Virginia requires thorough preparation and sometimes, a collection of additional documents to ensure accuracy and compliance with state tax laws. Understanding which forms and documents are typically paired with the West Virginia (WV) Tax Form, also known as IT-140, can streamline the process, reduce errors, and possibly enhance the tax return benefits. Below is a summary of documents often used alongside the WV Tax Form, each playing a unique role in the tax filing process.

W-2 Forms: These forms are provided by employers and detail the income earned and taxes withheld for each employee. Essential for accurately reporting income on the IT-140 form.
Schedule A (Itemized Deductions): Used to itemize deductible expenses such as medical and dental expenses, taxes paid, interest paid, gifts to charity, and casualty and theft losses, when these exceed the standard deduction.
Schedule M (Modifications): This schedule is for adjustments to federal adjusted gross income, including additions or subtractions that are specific to West Virginia state tax law.
Schedule UT (Use Tax): For reporting use tax on out-of-state purchases not subject to West Virginia sales tax, ensuring taxpayers comply with consumption tax laws.
Form 1099: Various 1099 forms report income from sources other than wages, such as independent contractor earnings (1099-NEC), interest and dividends (1099-INT, 1099-DIV), and government payments (1099-G).
Schedule E (Supplemental Income and Loss): Used for reporting income or loss from rental real estate, royalties, partnerships, S corporations, trusts, etc.
Schedule C (Profit or Loss from Business): Necessary for individuals who operate a business or practice a profession as a sole proprietor to report income or loss.
Schedule HEPTC (Homestead Excess Property Tax Credit): For eligible seniors or disabled individuals to claim a tax credit related to property taxes.
Form WV-8379 (Injured Spouse Allocation): Filed by married taxpayers filing jointly when one spouse has past-due obligations that the other is not responsible for, preventing the state from using all or part of a joint refund to cover this debt.

Understanding and gathering these documents before filing the WV Tax Form can significantly ease the filing process. It ensures accurate reporting of income, adjustments, and credits, potentially reducing tax liability or increasing the refund amount. It's always advisable to seek guidance if there is uncertainty about which forms apply to your situation, ensuring your tax returns are complete and compliant with West Virginia tax laws.

Similar forms

The Internal Revenue Service (IRS) Form 1040, U.S. Individual Income Tax Return, shares similarities with the WV Tax Form, specifically the IT-140 form. Both are structured to collect personal income details, calculate taxable income after adjustments, and determine the tax owed or refund due for the tax year. They facilitate deductions, exemptions, and credits uniquely tailored to federal and state tax codes, respectively. While the IRS Form 1040 applies to federal tax obligations, the IT-140 caters to West Virginia's state tax requirements, making them analogous yet juridically distinct.

Form W-2, Wage and Tax Statement, is a document that, while distinctly different in purpose from the WV IT-140 form, is related by its intrinsic role in completing individual income tax returns. Employers issue Form W-2 to employees to report annual wages and the amount of taxes withheld from their paycheck. Taxpayers use this information to fill out both the 1040 and IT-140 forms, ensuring accurate reporting of income and tax withholdings to both the IRS and West Virginia State Tax Department. Thus, although Form W-2 itself is not a tax return, its provision of crucial income information directly impacts the completion of the IT-140 form.

Form 1099 mirrors the Wv Tax Form in its function to report various types of income other than wages, salaries, and tips. It encompasses different financial transactions like dividends, distributions from pensions, annuities, and/or proceeds from broker transactions. For instance, Form 1099-INT reports interest income which the taxpayer must report on both federal and state tax returns like the IT-140. The intricate detail provided by Form 1099 assists taxpayers in accurately reporting their total income, underscoring its similarity to the IT-140 in the broader process of income tax reporting and calculation.

Schedule A (Itemized Deductions) of the federal tax return is akin to portions of the WV IT-140, particularly in how taxpayers can itemize deductions to reduce their taxable income. While Schedule A pertains to federal deductions, the WV State Tax Department offers similar schedules within its own forms, allowing for deductions on state taxes. Items such as medical expenses, taxes paid, interest paid, and charity donations are common in both, highlighting the parallel in how deductions are itemized federally and at the state level, albeit under different tax codes and regulations.

The Schedule SE (Self-Employment Tax) form is used to calculate the self-employment tax owed to the federal government. Its counterpart in the context of state taxation does not exist as a separate form but is integrated into the broader income reporting and tax calculation process of forms like West Virginia's IT-140. Entrepreneurs in West Virginia must report their earnings via the IT-140, highlighting the indirect relationship between federal self-employment tax obligations and the state personal income tax return process.

The Earned Income Tax Credit (EITC) section within the federal filing system is designed to benefit individuals and families with low to moderate income, decreasing the amount of tax owed and potentially leading to a refund. Although the West Virginia IT-140 form does not include an EITC per se, it features credits that aim to reduce the tax burden on qualifying state residents, such as the Family Tax Credit. This parallel underscores how both federal and state tax forms accommodate provisions to support economically disadvantaged taxpayers through various credits.

Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return, provides a bridge to discussing the similarity of mechanisms in place for taxpayers who cannot meet the filing deadline. West Virginia taxpayers can similarly request an extension for their state tax return, ensuring compliance despite delays. While Form 4868 deals specifically with federal income tax, West Virginia's extension request process mirrors this approach, allowing taxpayers additional time to gather information and prepare their IT-140 form accurately.

Dos and Don'ts

When preparing your West Virginia (WV) Tax Form, attention to detail is crucial. The following guidelines can help ensure accuracy and compliance with state tax laws, minimizing the risk of errors and potential delays with your return.

Things You Should Do:

Double-Check Social Security Numbers: Incorrect or missing Social Security numbers can lead to processing delays or incorrect tax calculations.
Report All Income Accurately: Include all sources of income, ensuring that the numbers match those on your W-2s, 1099s, and other tax documents to avoid discrepancies.
Use the Correct Tax Forms: Ensure you're using the latest version of the tax form for the correct year to avoid submitting outdated or incorrect information.
Claim Eligible Deductions and Credits: Review eligibility criteria for tax deductions and credits, such as the Low-Income Earned Income Exclusion or Senior Citizen Tax Credit, and claim those you qualify for.
Review Instructions for Specific Schedules: Certain sections, like the Schedule UT for Use Tax or the Schedule M for adjustments, have detailed instructions that can help avoid common mistakes.
Sign and Date the Form: An unsigned tax form is considered invalid. Ensure both you and, if applicable, your spouse sign and date the form.

Things You Shouldn't Do:

Overlook the Due Date: Failing to file by April 15th without requesting an extension can result in penalties and interest.
Misclassify Your Filing Status: Incorrectly selecting your filing status can affect tax calculations and eligibility for certain credits.
Forget to Attach Required Documents: W-2s, 1099s, and schedules, such as Schedule WT for withholding tax, should be attached as required to avoid processing delays.
Estimate Figures: Enter exact amounts rather than rounding up or estimating figures to ensure precise calculations and avoid inquiries from the tax department.
Ignore Direct Deposit Details: If opting for a refund via direct deposit, ensure bank routing and account numbers are correct to avoid delays or misrouted funds.
Omit Contact Information: Always include current contact information, such as a telephone number, to facilitate communication should any issues arise with your return.

Misconceptions

When it comes to filing taxes, especially with specific state forms like those for West Virginia, misunderstandings are common. Here's a look at some misconceptions about the WV Tax Form:

Filing Deadline Is Always April 15th: While many think the tax due date is April 15, this date can change due to weekends or public holidays. The IRS may also extend filing deadlines in certain circumstances, such as natural disasters.
Electronic Filing Is Optional: In today's digital age, electronic filing (e-filing) is often required by many states, including West Virginia, for certain taxpayers. E-filing can also lead to faster processing times and refunds.
All Income Is Taxed the Same: Different types of income may be taxed differently. For example, West Virginia allows modifications for specific types of income, such as Social Security benefits and certain retirement income, indicating that not all income is subject to the same tax rules.
Amendments Complicate Refunds: Amending a return does not necessarily mean a longer wait for refunds. If taxes were overpaid, filing an amended return can result in receiving the proper refund.
Direct Deposit Is Automatic: Taxpayers must specifically request direct deposit of their refunds on their tax forms, including providing accurate banking details. Failing to do so means the refund will be mailed as a check.
Penalties Are Unavoidable: If you owe a penalty, you might think it's set in stone. However, West Virginia taxpayers may request a waiver in certain situations, as indicated on the form.
Nonresidents Don't Need to File: Nonresidents with income from West Virginia sources or part-year residents must file specific forms to correctly calculate their tax obligations.
Every Taxpayer Gets the Same Deductions and Credits: West Virginia offers various deductions and credits, but eligibility can vary based on individual circumstances. For example, there are specific credits for senior citizens and for adoptive parents that not every taxpayer can claim.
Filling Out the Form Completely Is Enough for Submission: Along with the completed tax form, taxpayers need to include all required documentation, such as W-2s and 1099s. Missing documentation can delay processing.

Understanding the specifics of the tax form you're filing is crucial to ensure accuracy and completeness of your tax return. Always check the latest forms and instructions provided by the West Virginia State Tax Department to stay up-to-date on your tax obligations.

Key takeaways

When preparing and submitting the West Virginia (WV) state tax form, residents should pay attention to several key considerations. These highlights are intended to make the process smoother and ensure taxpayers comply with state requirements.

Deadlines Matter: Personal income tax returns are due by April 15th following the end of the tax year. Filing late can result in penalties and interest charges, so it's essential to mark this date on your calendar and prepare your documents early.
Know Your Filing Status: Your filing status affects how your tax liability is calculated. West Virginia offers options such as Single, Married (Filing Jointly or Separately), Head of Household, and Widow(er) with a dependent child. Choose the status that best applies to your situation as it can impact your tax rate and the credits for which you are eligible.
Understand Your Deductions and Credits: The form allows for adjustments to your income, such as exemptions for dependents, modifications for certain types of income, and credits for specific circumstances. Review all the possible deductions and credits closely, such as those for senior citizens, military service, or payments towards long-term care insurance, to maximize your potential refund or minimize the amount owed.
Electronic Filing and Payment Options: West Virginia encourages taxpayers to file electronically, offering a faster, more secure submission process. Similarly, payments, including any due balance or estimated taxes, can be made online through the state’s designated payment portals. Electronic filing and payment can significantly expedite processing times and refund issuance.

Properly filling out and submitting the WV state tax form requires attention to deadlines, understanding of the taxpayer's specific circumstances, and awareness of the benefits of deductions and credits. Taking these factors into account can help ensure a smooth tax filing process.

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