Virginia Automatic Extension Payment
Voucher for Individuals
2601035 Rev. 06/21
New Filer or Address Has Changed
Virginia automatically grants all taxpayers a 6-month extension
of time to le their income tax return.
• Forcalendaryearlers,thelingdateisautomaticallyextended
to November 1.
You are NOTrequiredtoleForm760IPinordertoobtainthis
automatic extension.
You must pay any tentative tax due by May 1.
Anextensionoftimetoledoes NOT extend the amount of
time you have to make your payment.
• Penaltiesandinterestwillaccrueonalllatepayments.
Purpose of Form 760IP
Form760IP,AutomaticExtensionPayment,isapaymentcoupon
andworksheetthatprovidestaxpayerswhoareunabletoletheir
individual income tax return by May 1 a means of calculating and
remitting a payment to avoid penalty and interest.
Who Must File Form 760IP
Form760IPisrequiredifALL of the following apply to you:
1. Youcannotleyourindividualincometaxreturnbytheduedate;
2. You owe tax (this is determined by completing the Tentative Tax
ComputationWorksheetonthebackofthispage);and
3. You submit your payment by paper check or money order.
Estates, trusts and unied nonresident lers should use Form
770IP.
Do not le Form 760IP if you determine that you do NOT owe
additional tax,oryoumakeyourextensionpaymentelectronically
usingIndividualOnlineServices.
Completing Form 760IP
CompletetheTentativeTaxComputationWorksheetontheback,
thenenterthepaymentamountinthePaymentAmountboxonForm
760IP.Instructionsfortheworksheetandtheformareontheback.
If additional tax is due when you le your return, you may owe
penalty and interest charges in addition to the tax.
When and Where to File Form 760IP
The Department provides two secure online options for submitting
extension payments: eForms and Individual Online Services.
Payments are made by Debit EFT and you may schedule your
paymentforafuturedate.Extensionpaymentsmayalsobemade
usinganACHCredittransactionthroughyourbank.Somebanks
maychargeafeeforthisservice.AnElectronicPaymentGuideis
available on the Department’s website with information on how to
submit ACH Credit payments to the Department.
If you are paying with a paper check or money order, le Form
760IPalongwithyourpaymentassoonasyourealizeyouoweany
additionaltax.The2021Form760IPmustbepostmarkedbyMay1,
2022toavoidinterestandpenalties.Forscalyearlers,leForm
760IPonorbeforetheduedateofyourreturnwithpaymentofthe
balance due to avoid interest and penalties.
IftheduedatefallsonaSaturday,Sundayorlegalholiday,Form
760IP,withpayment, may be ledon the next day that is nota
Saturday,Sundayorlegalholiday.Be sure to write your Social
Security Number, taxable year and “VA 760IP” on your payment.
SendthecompletedForm760IP,withpayment,to:
Department of Taxation
P.O. Box 1478
Richmond, VA 23218-1478
Penalty for Failure to Timely File and Pay the Tax Due
Virginialawprovidesforanautomatic6-monthlingextension,but
you must pay at least 90% of your tax liability by the due date of
May1.Ifyouleyourreturnwithin6monthsaftertheduedatebut
donotmeetthe90%paymentrequirement,thebalanceoftaxdue
with your return will be subject to an extension penalty of 2% per
(DocID763)
0000000000 7638888 121126
Detach here and mail with your tentative tax payment. Keep the worksheet with your other tax records.
760IP 2021
Automatic Extension Payment
Do not le Form 760IP if no payment is due
or if you make this payment electronically.
Thisformisforusebyindividualincometaxlersonly.FiduciaryTaxpayersandPass-ThroughEntitieslingforUnied
NonresidentTaxpayersuseForm770-IPtomakeyourincometaxextensionpayments.
Eectiveforpayments made on andafterJuly1,2021,individualsmustsubmitallincometaxpaymentselectronicallyifany
paymentexceeds$2,500orthesumofallpaymentsisexpectedtoexceed$10,000.Thisincludesestimated,extension,
and return payments. Visit our website at www.tax.virginia.gov for information on electronic payment options.
Save the stamp.
Make your extension payment on the
Department’s website: www.tax.virginia.gov
Make your check payable to the
Virginia Department of Taxation
Payment Amount
00
YourSocialSecurityNumber Spouse’sSocialSecurityNumber
First Name MI Last Name
Spouse'sFirstName MI Spouse'sLastName
Address(NumberandStreet)ofTaxpayer
City,StateandZIPCode
2021
FORM 760IP
.
Form 760IP - Page 2
Tentative Tax Computation Worksheet
1. TotalVirginiaincometaxI(we)expecttoowe. 1
2. Paymentsandcredits:
(a) Virginia income tax withheld 2(a)
(b) Virginia estimated tax payments 2(b)
(c) Overpayment credit from previous taxable year 2(c)
3. Total[addLines2(a),2(b)and2(c)]. 3
4. Balancedue(subtractLine3fromLine1).TransfertoForm760IP. 4
Detach here and mail with your tentative tax payment. Keep the worksheet (above) with your other tax records.
TaxPreparer’sName Date DaytimePhoneNumber FEINorPTIN
TaxPreparer’sAddress FirmName
month,fromtheduedatethroughthedateofling,toamaximum
of12%.Ifyoulewithintheextensionperiodbutdonotpaythefull
balanceoftaxduewithyourreturn,thebalanceduewillbesubject
toalatepaymentpenaltyof6%permonthfromthedateofling
throughthedateofpayment,toamaximumof30%.
The late payment penalty will be assessed in addition to any
extensionpenaltythatmayapply.Ifyouleyourreturnmorethan
6monthsaftertheduedate,theextensionwillbevoidandalate
lingpenaltyof30%willbeappliedtothebalanceoftaxduewith
the return.
Tentative Tax Computation Worksheet Instructions
You must refer to the income tax return you will le for the tax
year to compute your tentative tax on Line 1 of the Tentative Tax
ComputationWorksheet.IfyouandyourspouseleajointForm
760IP,butdonotleajointincometaxreturnfortheyear,thetotal
tentative tax payment may be claimed on your separate return or
theseparatereturnofyourspouse.Ifyouandyourspouseeach
leaseparateForm760IP,butelecttoleajointincometaxreturn
fortheyear,reportthesumofallamountspaidonthejointreturn.
Automatic Extension Payment Instructions
• You can le electronically by using theDepartment’s website:
www.tax.virginia.gov. Itis the quickest and mostconvenient
way to pay your tentative tax.
• DonotleForm760IPifnopaymentisdueorifyoumakethis
payment electronically.
Name, Address and Social Security Number
Please clearly print or type yourname,addressandSocialSecurity
Number for which an automatic extension payment is being made.
Compute Your Tentative Tax
Transfer the information from Line 4 of the Tentative Tax Computation
WorksheettoForm760IP.
Tentative Tax
UsetheTentativeTaxWorksheettocalculateyourtentativetax.
Daytime Phone Number
Enteryourdaytimetelephonenumber.
Where To Get Forms
Most Virginia tax forms are available from the Department’s website:
www.tax.virginia.gov. Forms can be obtained from the Department
by calling (804) 367-8031.
TenemosserviciosdisponibleenEspañol.