M7047 Posted March 30, 2021 Report Posted March 30, 2021 I have a client with mortgage insurance premiums. He is only allowed part of it on the federal because of income limitations. Does Virginia use the same amount as the federal or can he use the whole amount? I can't find anything on this, and the line through ATX is a blue box with no worksheet. I don't want to short him if he can use it all. Thanks Quote
Gail in Virginia Posted March 31, 2021 Report Posted March 31, 2021 Generally, Virginia conforms to federal except where they don't. Most of the non-conformity is to increase VA taxes rather than decrease them. I think this is one of the items they conform to, and you cannot take the rest in addition. 1 Quote
TAXMAN Posted March 31, 2021 Report Posted March 31, 2021 On that deduction VA allows what FED allowed. NO more. Agree with Gail on this one. 1 Quote
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