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760C - 2022                                                                                                                      Underpayment of Virginia Estimated 
                                                                                                                                Tax by Individuals, Estates and Trusts
                                                                                                                                                                                                                       *VA760C122888*
•  Enclose this form with Form 760, 763, 760PY or 770.
Fiscal Year Filers: Enter beginning date                                                                                                                                      20                        , ending date     20          , and check here  
                                                                                                            First Name, Middle Initial and Last Name (of Both If Joint) - OR - Name of Estate or Trust                 Your Social Security Number or FEIN

                                                                                                                                                                                                                                                                       
                                                                                                            If Estate or Trust, Name and Title of Fiduciary                                                            Spouse's Social Security Number

                                                                                                                                                                                                                       Office Use SC    Office Use Payment
                                                                                                                                                                                                                                                                       
Part I - Compute Your Underpayment
                                                                                                            1.  2022 Income Tax Liability After Spouse Tax Adjustment and Tax Credits. See instructions.                                1.
                                                                                                                (If $150 or less, you are not required to file Form 760C)
                                                                                                            2. Enter 90% of the Amount Shown on Line 1                                                                                  2.

                                                                                                            3.  2021 Income Tax Liability After Spouse Tax Adjustment and Tax Credits                                                   3.

                                                                                                            4. Enter the Amount From Line 2 or Line 3, Whichever is Less                                                                4.

                                                                                                            5.  Enter the Number of Installment Periods for Which You Were Liable to Make Payments                                      5.
                                                                                                                                 Line 6 Through 14: Complete Each Line Across All Columns Before Continuing to Next Line
                                                                                                                                                                                                       A               B              C                   D
                                                                                                            6. Due Dates of Installment Payments                                                       May 1, 2022     June 15, 2022 Sept. 15, 2022       Jan. 15, 2023
                                                                                                            7.  Tax Liability 
                                                                                                                (Divide the amount on Line 4 by the number of installments 
                                                                                                                reported  on  Line  5  and  enter  the  result  in  the  appropriate 
                                                                                                                columns)
                                                                                                            8.  Enter the Income Tax Withheld for Each Installment Period
                                                                                                            9.  Enter the Overpayment Credit from Your 2021 Income Tax 
                                                                                                                Return
                                                                                                            10. Enter  the Amount  of Any                   Timely  Payment  Made  for  Each  
                                                                                                                Installment Period in the Appropriate Column 
                                                                                                                (Do not enter any late payments)
                                                                                                            11. Underpayment or [Overpayment] 
                                                                                                                (Subtract Lines 8, 9 and 10 from Line 7. See instructions for 
                                                                                                                overpayment)
                                                                                                            12. Other Payments 
                                                                                                                (Enter the payments from the Late Payment/Overpayment Table 
                                                                                                                below, beginning with the earliest payment recorded.         Do not 
                                                                                                                enter more than the underpayment in any column.)
                                                                                                                                                             Date            Amount
                                                                                                                a. First Payment                             /    /
                                                                                                                b. Second Payment                            /    /
                                                                                                                c. Third Payment                             /    /
                                                                                                                d. Fourth Payment                            /    /
                                                                                                            13. Enter the Total Timely Payments Made as of Each Installment 
                                                                                                                Due Date From Lines 8, 9, 10 and 12 
                                                                                                                (For ex., in Column A enter all payments made by May 1, 2022)
                                                                                                            14. Subtract Line 13 from Line 7 
                                                                                                                (If the sum of all underpayments (                do not include any 
                                                                                                                OVERPAYMENTS) reported is $150 or less, stop here; you are 
                                                                                                                not subject to an addition to tax.  If your underpayments total 
                                                                                                                more than $150, proceed to Part II)
                                                                                                                                                                                                                                        Continued on Back     
                                                                                                                                                            Late Payment/Overpayment Table (See Instructions for Lines 11 and 12.)
                                                                                                            Date of Payment                                  Date of Payment                           Date of Payment               Date of Payment 

                                                                                                            Payment Amount                                   Payment Amount                             Payment Amount               Payment Amount 
                                                                                                            $                                                $                                         $                             $
                                                      VA. Dept. of Taxation   760C   2601033  W   Rev .12/22



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760C - 2022
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                                                                                           *VA760C222888*
Part II - Exceptions That Void the Addition to Tax                             A           B             C                       D
                                                                               May 1, 2022 June 15, 2022 Sept. 15, 2022          Jan. 15, 2023
 15.  Total Amount Paid and Withheld from January 1, 2022 through the 
      Installment Date Indicated
 16.  Exception 1: Prior Year's Tax                         100% of 2021 Tax   25%         50%           75%                     100%
      (Multiply the 2021 tax by the percentage in each col.)
 17.  Exception 2: Tax on Prior Year's Income Using the     100% of Tax        25%         50%           75%                     100%
      2022 Rates and Exemptions 
      (Multiply the 2021 tax by the percentage in each col.)
 18.  Exception 3 Worksheet: Tax on Annualized 2022 income  (Use the formula below to compute the amount on Lines 18a, b and c for each col.)
      Lines 18a, b and c:           April 30 column:        Multiply the actual amount for the period ended April 30, 2022, by 3.
                                    May 31 column:          Multiply the actual amount for the period ended May 31, 2022, by 2.4.
                                    August 31 column:   Multiply the actual amount for the period ended August 31, 2022, by 1.5.

                                                            From January 1 to: April 30    May 31        August 31

      a.  Annualized Virginia Adjusted Gross Income (VAGI) for Each Period
      b. Compute the Annualized Itemized Deductions Using the Formula                                                            Note
         Above OR Enter the Full Standard Deduction in Each Column if You                                                        Estates 
         Did Not Claim Itemized Deductions                                                                                       and trusts 
      c. Compute the Annualized Child and Dependent Care Expenses and                                                            should use 
         Other Deductions for Each Period                                                                                        end dates 
                                                                                                                                 of March 
      d. Total Dollar Amount of Exemptions Claimed on Your Return                                                                31, April 30 
                                                                                                                                 & July 31.
      e. Virginia Taxable Income 
        (Subtract Lines 18b, c and d from Line 18a)
      f.  Virginia Tax
         (Enter the Virginia income tax for the amount(s) on Line 18e)
                                                                               22.5%       45%           67.5%
      g. Multiply Line 18f by the Percentage Shown for Each Period

 19.  Exception 4 Worksheet: Tax on 2022 Income Over a 4, 5 and 8 Month Period*  (* 3, 4 and 7 months for estates and trusts)
                                                                                                                                 Note
                                                            From January 1 to: April 30    May 31        August 31               Exceptions 
                                                                                                                                 3 and 4 do 
                                                                                                                                 not apply to 
      a. Enter Your Virginia Adjusted Gross Income (VAGI) for Each Period                                                        the fourth 
                                                                                                                                 installment 
      b. Enter the Itemized Deductions Claimed for Each Period OR (If                                                            period.
         Greater) the Full Standard Deduction
      c. Enter the Child and Dependent Care Expenses and Other 
         Deductions for Each Period
      d. Enter the Total Dollar Amount of Exemptions Claimed on Your 
         Return
      e. Virginia Taxable Income
        (Subtract Lines 19b, c and d from Line 19a)
      f.  Virginia Tax
         (Enter the Virginia income tax for the amount(s) on Line 19e)

      g. Multiply Line 19f by 90% (.90) for Each Period



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760C - 2022
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                                                                                          *VA760C322888*
Part III - Compute the Addition to Tax
If an exception has been met (Part II) for any installment period, complete the column for that period as follows: write "Exception" and the exception 
number (1, 2, 3, or 4) on Line 20; skip Lines 21 through 23; and enter "0" on Line 24. For all other periods, complete each line as instructed below.
                                                                            A             B             C              D
                                                                            May 1, 2022   June 15, 2022 Sept. 15, 2022 Jan. 15, 2023
20.   Amount of Underpayment from Part I, Line 14  
21.   Date of Payment from Part I, Line 12 
      (If no payments were entered on Line 12, enter the actual date of 
      payment or May 1, 2023 whichever is earlier.)
22.   a. Number of Days After Installment Due Date Through Date Paid or 
        June 30, 2022, Whichever Is Earlier
        (If June 30, 2022, is earlier, enter 60 & 15 respectively)
      b. Number of Days After June 30, 2022, (September 15, 2022 for 3rd 
        installment) through Date Paid or September 30, 2022, Whichever Is 
        Earlier  (If September 30, 2022, is earlier, enter 92, 92 and 15)
      c. Number of Days After September 30, 2022, through Date Paid or 
        December 31, 2022, Whichever Is Earlier 
        (If December 31, 2022, is earlier, enter 92, 92 and 92)
      d. Number of Days After December 31, 2022, (January 15, 2023 for 4th 
        installment) through Date Paid or May 1, 2023, Whichever Is Earlier 
        (If May 1, 2023, is earlier, enter 121, 121, 121 and 106)
23.   a. Multiply the Number of Days in Each Column on Line 22a by the 
        Daily Rate .00016 (6% Per Annum)
      b. Multiply the Number of Days in Each Column on Line 22b by the 
        Daily Rate .00019 (7% Per Annum)
      c. Multiply the Number of Days in Each Column on Line 22c by the 
        Daily Rate .00022 (8% Per Annum)
      d. Multiply the Number of Days in Each Column on Line 22d by the 
        Daily Rate .00025 (9% Per Annum)

      e. Add Lines 23a, thru 23d in Each Column and Enter the Total Here

24.   Multiply the Amount on Line 20 by Line 23e for Each Column
      Addition to Tax 
25    (Total the amounts on Line 24. Enter here and on the "Addition to Tax" line on your 
      income tax return)                                                                                                






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