Virginia State Tax Resource Center
Upcoming Events
News & Articles
VSCPA Tax Essentials Series: July Updates (Replay of 7/16/26)
-
Online
2.00 Credits
Member Price: $59
This is a replay of the live webcast originally held on 7/16/26. A presenter will not be available during this rebroadcast. Tax law doesn't pause for busy season, and this year it's moving on several fronts at once — new IRS guidance, a wave of 2026 provision changes and a freshly signed Virginia budget all landing before you sit down with clients again. This session brings you current on the guidance the IRS has already released on qualified opportunity zones under §§ 1400Z-1 and 1400Z-2, plus what's coming soon on the revised QBI deduction, the revised business interest limitation and related-party partnership transactions. You'll walk through the 2026 changes to excess business losses, the QBI deduction, residence interest, educator expenses, gambling losses and the AMT, and we'll cover the latest Tax Pro account features along with what's hot off the presses from the IRS. You'll also get guidelines for responsible AI use, including best practices, and a look at Virginia's new state budget — including the higher standard deduction and its effect on CPAs and the retail marijuana industry. This two-hour federal and Virginia tax update covers significant recent developments and reviews selected guidance affecting individual and business taxpayers. The course is designed for tax professionals seeking a concise but substantive update on federal and Virginia tax developments affecting compliance, reporting and planning.
VSCPA Tax Essentials Series
-
Online
2.00 Credits
Member Price: $59
The VSCPA Tax Essentials Series is your go-to source for the latest and most up-to-date tax and IRS news. Learn all about local Virginia updates as well everything you need to know about federal changes, updates and news that you can use.
Virginia Revenue Outlook for Summer 2026: Stable
July 27, 2026
According to the state revenue outlook report for summer 2026 prepared by Multistate, Virginia's short-term fiscal outlook remains stable.
Virginia Department of Taxation's Online Services are Changing
July 24, 2026
In fall 2026, the Virginia Department of Taxation will launch updated online services as part of a four-year modernization process.
Virginia Department of Taxation Releases 2026 Legislative Summary
July 07, 2026
Each year, the Virginia Department of Taxation publishes a reference guide to state and local tax legislation enacted by the previous session of the Virginia General Assembly.
🔗Virginia Tax Info
- For Tax Professionals
- Business Account Access
- Tax Pro Hotline: (804) 367-9286
- Virginia Department of Taxation online services modernization
✍️Recent Letters
- Letter to Congress on PTET Deductions (May 15, 2025)
See all comment letters are on our Letters & Positions page.
🤝Member Input
The VSCPA Tax Advisory Committee seeks feedback from VSCPA members on tax issues and provides information to the VSCPA on tax issues and legislation. This committee also conducts policy analysis and makes recommendations to the VSCPA Board of Directors on regulatory and legislative issues.
VSCPA Standing Positions on State Taxation
The VSCPA Board of Directors and Executive Committee periodically take positions on behalf of the VSCPA. As positions change and new positions are taken, these standing positions will be updated accordingly. These are not intended to be all inclusive, but rather to reflect the positions of the VSCPA with respect ongoing, high profile or significant issues related to the VSCPA and the CPA profession.
Tax conformity
The Society supports efforts to maintain rolling conformity of Virginia’s tax laws to the Internal Revenue Code with appropriate guardrails to ensure provisions with a significant fiscal impact to Virginia are not automatically adopted. When guardrails prevent rolling conformity, the Society supports timely conformity of Virginia's tax laws with federal tax laws.
Tax on services
The Society opposes imposing a sales tax on professional services not already subject to sales tax.
Your VSCPA Expert
Emily Walker, VSCPA vice president, advocacy & pipeline, liaises with members and the Virginia Department of Taxation. Contact her with any questions or for additional information!