TAXES 08-07, Virginia State Income Tax Withholding

Title:	I, Payroll/Personnel Manual
Chapter:	28, Section 2, Tax Formulas (TAXES)
Bulletin:	TAXES 08-07, Virginia State Income Tax Withholding
Date:	February 29, 2008
To:	Holders of TAXES (State of Virginia only) Personnel User Groups T&A Contact Points in Virginia

Beginning with wages paid for Pay Period 4, the National Finance Center (NFC) will make the following changes to the state of Virginia income tax withholdings:

The personal exemption allowance will increase from $900 to $930.

Note: The additional exemption allowance for employees and spouses who are age 65 or over and/or legally blind will remain $800.

To view the updated tax formula, go to NFC's Home Page (www.nfc.usda.gov) and click the Publications link at the top of the page. At the Publications page right-hand menu, click Tax Formulas and select the appropriate state from the map provided. Changes to the tax formula are identified by " ."

For questions about NFC processing, contact the Payroll/Personnel Call Center at 504-255-4630.

/s/
MARK J. HAZUDA, Director
Government Employees Services Division

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