Washington — Virginia taxpayers with delinquent state taxes are running out of time to pay up without penalty.
Virginia’s Tax Amnesty program, approved by the 2017 General Assembly, has a goal of collecting $89.5 million.
In September, Virginia Tax sent almost 400,000 mailers to taxpayers who owe back taxes. It estimates that the average delinquent tax bill for the current amnesty program is $4,830.
Under the program, delinquent taxpayers can pay past due taxes with half of the interest assessed and no penalties. At the end of the amnesty period, which is Nov. 14, an additional 20 percent penalty will be assessed on any remaining amnesty-qualified liabilities.
“Anyone who owes back taxes may be eligible for tax amnesty and should contact us to take advantage of this opportunity to clear up Virginia tax debt with these favorable terms as soon as possible,” said Tax Commissioner Craig Burns.
For those who can’t pay all they owe, the amnesty program also offers paying on a bill-by-bill basis.
The last time Virginia offered a Tax Amnesty program was in 2009. It collected $103 million in past due taxes.
Information on the Virginia Tax Amnesty program can be found here.
