West Virginia has made the following changes to the tax laws for the 2024 tax year:
Calculation changes
- "For taxable year 2024, 35% of social security benefits received and included in the federal adjusted gross income shall be allowed as a decreasing modification when determining West Virginia taxable income. This deduction may be claimed when the federal adjusted gross income of a married couple filing jointly exceeds $100,000 or $50,000 in the case of a single, head of household, widow(er), or married individual filing a separate return. Social security benefits that does not exceed $100,000 for married filing joint or $50,000 single, head of household, widow(er) or married filing separate is still 100% exempt from tax."
Changes to credits
- The Child and Dependent Care Credit can be claimed on your WV state return for 50% of the credit taken on your federal return. If you paper file your WV return, you must include the federal Form 2441 to take the credit.
- West Virginia has added new property tax credits for 2024. For more information, please click here.