Virginia's New Electronic Payment Requirement for Some Individual Income Taxpayers

Following an amendment to legislation approved by the Virginia General Assembly, some taxpayers may now be affected by a new requirement for certain tax payments. 

Effective for taxable years beginning on or after Jan. 1, 2021, taxpayers who make estimated tax payments must submit all of their income tax payments electronically if:

• Any estimated tax payment exceeds $2,500; or
• Any extension payment exceeds $2,500; or
• The total estimated income tax due in any taxable year exceeds $10,000.Taxpayers should refer to the estimated income tax instructions for details about how to compute the total estimated tax due.  

This applies to all payments made on or after July 1, 2021, and includes all payments for estimated taxes, extension payments and any other amounts due when a taxpayer files a return. 

Visit the Virginia Tax website for more information on individual income tax payment options.  

If you have questions, please call Virginia Tax Customer Service at 804.367.8031.