Instructions for Schedule A Itemized Deductions - Virginia

This document contains official instructions for Schedule A , Itemized Deductions - a form released and collected by the Virginia Department of Taxation.

FAQ

Q: What is Schedule A?
A: Schedule A is a tax form used to report itemized deductions.

Q: What are itemized deductions?
A: Itemized deductions are expenses that you can subtract from your adjusted gross income to reduce your taxable income.

Q: What expenses can I deduct on Schedule A?
A: Some common expenses that can be deducted on Schedule A include medical expenses, state and local taxes, mortgage interest, and charitable contributions.

Q: Can I deduct all of my expenses on Schedule A?
A: No, you can only deduct expenses that exceed a certain threshold. This threshold is based on your income and can change each year.

Q: What is the standard deduction?
A: The standard deduction is a fixed amount that you can subtract from your adjusted gross income if you choose not to itemize your deductions.

Q: Should I itemize or take the standard deduction?
A: You should compare your total itemized deductions to the standard deduction. If your itemized deductions are greater than the standard deduction, it may be beneficial to itemize.

Q: What records do I need to keep for my itemized deductions?
A: You should keep receipts, invoices, and other supporting documentation for any expenses you plan to deduct on Schedule A.

Q: Do I need to file Schedule A for state taxes?
A: The requirements for state taxes vary by state. You should consult the tax laws of your specific state to determine if you need to file Schedule A for state taxes.