EPY: Virginia Increase in Standard Deduction Delivered in 22-D
(Doc ID 2907154.1)
Last updated on APRIL 15, 2024
Applies to:
PeopleSoft Enterprise HCM Payroll for North America - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Goal
Qn1:On : 9.2 version, Taxes
Virginia Increase in Standard Deduction
Legislation enacted during the 2022 General Assembly session increases the standard deduction from $4,500 to $8,000 for single filers and from $9,000 to $16,000 for married filers filing jointly. The standard deduction increases went into effective October 1, 2022. On the most recent tax update.
Should this have been delivered as 16,000 for Married Standard Deduction?
Solution
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In this Document
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