Tax Relief Is On The Way!

“We will provide immediate tax relief to middle-class Virginians,” said Caucus Chairman Tim Hugo (R-Fairfax), the patron of House Bill 2529. “Our plan will allow taxpayers to itemize their state taxes regardless of how they file their federal return, increase the state standard deduction across the board, and maintain the important state and local tax (SALT) deduction as it exists today. This protects a middle class family that itemizes from what could be roughly a $805 tax increase or providing an additional $115 in tax relief to a family that chooses the standard deduction.”