
                         THE VIRGINIAN-PILOT
                 Copyright (c) 1994, Landmark Communications, Inc.

DATE: FRIDAY, June 24, 1994                    TAG: 9406240524 
SECTION: LOCAL                     PAGE: B3    EDITION: FINAL  
SOURCE: LANDMARK NEWS SERVICE 
DATELINE: 940624                                 LENGTH: Short

SOME OLDER TAXPAYERS ELIGIBLE FOR REFUND JULY 1

{LEAD} Some older taxpayers can apply Friday, July 1 - and on that day only - for a refund on their 1990 Virginia individual income tax returns.

The Virginia Department of Taxation said ``relatively few'' people will be eligible for the refund because most of them were able to claim full credit for their age subtraction when they filed their 1990 returns in early 1991.

{REST} This change affects only those taxpayers who were 62 or older on Jan. 1, 1991, and who also met at least one of the following conditions:

Could not fully utilize the allowable income subtraction because their federal adjusted gross income, Social Security and Tier 1 Railroad Retirement Act benefits were less than $6,000 ($12,000 if age 65 or over on Jan. 1, 1991).

Had additions to federal adjusted gross income.

Were married, filed a joint or combined return and could not offset their unused subtraction against their spouse's income.

The amount of the refund depends on the unused subtraction, but the limit was $6,000 for taxpayers ages 62 to 64 in 1990 and $12,000 for taxpayers ages 65 and older during that year.

The 1994 General Assembly passed legislation that increased the age subtraction for 1990 returns for the affected taxpayers.

Dianne Lee, public relations coordinator for the Virginia Department of Taxation, said people who are in doubt about their status should check their 1990 returns.

Forms can be obtained from the Department of Taxation or from any local commissioner of the revenue.

{KEYWORDS} ELDERLY SENIOR CITIZEN TAX REFUND by CNB