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  1. 2023 General Assembly passed legislation that conforms Virginias tax law to the federal tax code on a rolling basis, with certain exceptions. The legislation also sets guidelines for future federal law changes and their impact on Virginia returns.

  2. Use Schedule 500ADJS in addition to the Schedule 500ADJ if you are claiming more additions or subtractions than the Schedule 500ADJ allows. Refer to the Form 500 Instructions for addition and subtraction codes.

  3. Enter the amount due at the underpayment rate established by IRC § 6621, plus 2%, from the due date of the return until payment. This underpayment rate is subject to quarterly adjustment. When penalty is entered under 18(a) above, interest is added from the due date to the date of payment.

  4. Download or print the 2023 Virginia Form 500ADJ (500ADJ - Schedule of Adjustments) for FREE from the Virginia Department of Taxation.

  5. Virginia Schedule ADJ (Form 760-ADJ) *VA0ADJ122888* Name(s) as shown on Virginia return Dollar Amount Additions to Federal Adjusted Gross Income 1. Interest on obligations of other states, exempt from federal income tax but not from state tax..... 1 2. Other additions to federal adjusted gross income. 2a.

  6. Schedule of Adjustments. Use Schedule 500ADJS if you are claiming more additions or subtractions than the Schedule 500ADJ allows. Use additional Schedules 500ADJS if necessary. Refer to the Form 500 Instructions for addition and subtraction codes.

  7. WEB 2021 Virginia Schedule ADJ. (Form 760-ADJ) Name(s) as shown on Virginia return. Your Social Security Number. - - *VA0ADJ121888* Dollar Amount. Additions to Federal Adjusted Gross Income. Interest on obligations of other states, exempt from federal income tax but not from state tax. ............. 1.

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