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2021 SESSION

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HB 1955 Income tax, state; deduction for multigenerational households.

Introduced by: G. "John" Avoli | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax deduction; multigenerational households. Creates a $1,000 deduction from Virginia adjusted gross income for taxable years on and after January 1, 2021, for the head of household taxpayer or married taxpayers filing jointly of a multigenerational residence in the Commonwealth comprised of no less than two adult parent-child generations who are living together for the duration of the taxable year in which the deduction is claimed.


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