Virginia
For Virginia, section 179 conformity is conforms; state section 179 cap is federal limit applies; state section 179 phase-out is federal phase-out applies; bonus depreciation conformity is decouples — requires add-back; add-back rule is Virginia disallows any bonus depreciation for certain assets under IRC § 168(k), recorded from its source on 2026-08-15; source re-checked 2026-10-01.
- State
- Virginia verified
- Section 179 conformity
- conforms our reading
- State Section 179 cap
- federal limit applies
- State Section 179 phase-out
- federal phase-out applies our reading
- Bonus depreciation conformity
- decouples — requires add-back our reading
- Add-back rule
- Virginia disallows any bonus depreciation for certain assets under IRC § 168(k) our reading
- Has income tax
- yes our reading
- Statute or guidance citation
- IRC § 168(k) verified
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
State Follows Bonus Depreciation-TCJA of 2017 : No Virginia does not conform to the Tax Cuts and Jobs Act provision that provides a 100% first-year deduction for the adjusted basis allowed for qualified property acquired and placed in service after September 27, 2017, and before January 1, 2023. Virginia disallows any bonus depreciation for certain assets under IRC § 168(k). State Follows IRC § 179-TCJA of 2017: Yes Virginia conforms to the Tax Cuts and Jobs Act provision that increases the maximum amount a taxpayer may expense under IRC Section 179 to $1 million, increases the phase-out threshold amount to $2.5 million, and provides for indexing for inflation
— accountants.intuit.com, retrieved 2026-08-15
Source
- accountants.intuit.comhttps://accountants.intuit.com/support/en-us/help-article/asset-depreciation/state-conformity-special-depreciation-allowance/L27kRyetJ_US_en_US