{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-344.4.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-344.4.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-344.4.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-344.4.html"}],"law_id":83671,"edition_id":1,"section_id":83671,"structure_id":14178,"section_number":"58.1-344.4","catch_line":"Voluntary contributions of refunds into Commonwealth Savers Plan accounts","history":"2013, cc. 28, 402; 2020, c. 900; 2024, c. 217.","full_text":"A\n\nIf an individual is entitled to an income tax refund for the taxable year, that individual may designate on his Virginia individual income tax return a contribution to one or more Commonwealth Savers Plan accounts established under Chapter 7 (§ 23.1-700 et seq.) of Title 23.1, in the amount of the entire individual income tax refund or a portion thereof.B\n\n1. The Department of Taxation shall send each contribution made pursuant to subsection A to the Commonwealth Savers Plan with the following information:\n\t\t\ta. The amount of the individual income tax refund or that portion of the refund that the individual has chosen to contribute;\n\t\t\tb. The taxpayer’s name, Social Security number or taxpayer identification number, address, and telephone number; and\n\t\t\tc. The Commonwealth Savers Plan account number or numbers into which the contributions will be deposited.2\n\nIf a contribution to a Commonwealth Savers Plan account is designated in an individual income tax return filed jointly by married individuals, the Department of Taxation shall send the information described in subdivision 1 for both spouses to the Commonwealth Savers Plan.C\n\n1. If the taxpayer owns a single Commonwealth Savers Plan account, the Commonwealth Savers Plan shall deposit the contribution made pursuant to subsection A into that account.2\n\nIf the taxpayer owns more than one Commonwealth Savers Plan account, the Commonwealth Savers Plan shall allocate the contribution made pursuant to subsection A between or among the accounts in equal amounts, or as otherwise designated by the taxpayer.3\n\nIf the taxpayer does not own an existing Commonwealth Savers Plan account and does not wish to open an account, contributions made pursuant to subsection A shall be returned to the taxpayer by the Commonwealth Savers Plan.D\n\nFor the purpose of determining interest on an overpayment or refund under § 58.1-1833, no interest shall accrue after the Department of Taxation sends the contribution to the Commonwealth Savers Plan.E\n\nAny taxpayer designating that a refund be contributed to a Commonwealth Savers Plan account shall, by making such designation, be deemed to authorize the Department of Taxation to provide all necessary information, including the information specified in subdivision B 1, to the Commonwealth Savers Plan.","order_by":null,"text":{"0":{"id":299895,"text":"If an individual is entitled to an income tax refund for the taxable year, that individual may designate on his Virginia individual income tax return a contribution to one or more Commonwealth Savers Plan accounts established under Chapter 7 (§ 23.1-700 et seq.) of Title 23.1, in the amount of the entire individual income tax refund or a portion thereof.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":299896,"text":"1. The Department of Taxation shall send each contribution made pursuant to subsection A to the Commonwealth Savers Plan with the following information:\n\t\t\ta. The amount of the individual income tax refund or that portion of the refund that the individual has chosen to contribute;\n\t\t\tb. The taxpayer’s name, Social Security number or taxpayer identification number, address, and telephone number; and\n\t\t\tc. The Commonwealth Savers Plan account number or numbers into which the contributions will be deposited.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B2"},"2":{"id":299897,"text":"If a contribution to a Commonwealth Savers Plan account is designated in an individual income tax return filed jointly by married individuals, the Department of Taxation shall send the information described in subdivision 1 for both spouses to the Commonwealth Savers Plan.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B","next_prefix":"C"},"3":{"id":299898,"text":"1. If the taxpayer owns a single Commonwealth Savers Plan account, the Commonwealth Savers Plan shall deposit the contribution made pursuant to subsection A into that account.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B2","next_prefix":"C2"},"4":{"id":299899,"text":"If the taxpayer owns more than one Commonwealth Savers Plan account, the Commonwealth Savers Plan shall allocate the contribution made pursuant to subsection A between or among the accounts in equal amounts, or as otherwise designated by the taxpayer.","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C","next_prefix":"C3"},"5":{"id":299900,"text":"If the taxpayer does not own an existing Commonwealth Savers Plan account and does not wish to open an account, contributions made pursuant to subsection A shall be returned to the taxpayer by the Commonwealth Savers Plan.","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"D"},"6":{"id":299901,"text":"For the purpose of determining interest on an overpayment or refund under § 58.1-1833, no interest shall accrue after the Department of Taxation sends the contribution to the Commonwealth Savers Plan.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C3","next_prefix":"E"},"7":{"id":299902,"text":"Any taxpayer designating that a refund be contributed to a Commonwealth Savers Plan account shall, by making such designation, be deemed to authorize the Department of Taxation to provide all necessary information, including the information specified in subdivision B 1, to the Commonwealth Savers Plan.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":14178,"edition_id":1,"name":"Accounting, Returns, Procedures for Individuals","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":13152,"metadata":{},"date_created":"2026-06-26 03:47:09","date_modified":"2026-06-26 03:47:09","permalink":{"id":254259,"object_type":"structure","relational_id":14178,"identifier":"4","token":"58.1\/I\/3\/4","url":"\/58.1\/I\/3\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13152,"edition_id":1,"name":"Income Tax","identifier":"3","label":"chapter","depth":3,"order_by":1,"parent_id":12837,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":253267,"object_type":"structure","relational_id":13152,"identifier":"3","token":"58.1\/I\/3","url":"\/58.1\/I\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12837,"edition_id":1,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:55","date_modified":"2026-06-26 03:43:55","permalink":{"id":252075,"object_type":"structure","relational_id":12837,"identifier":"I","token":"58.1\/I","url":"\/58.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":75406,"structure_id":14178,"section_number":"58.1-340","catch_line":"Accounting","url":"\/58.1-340\/","token":"58.1\/I\/3\/4\/58.1-340","metadata":false},{"id":68211,"structure_id":14178,"section_number":"58.1-341","catch_line":"Returns of individuals","url":"\/58.1-341\/","token":"58.1\/I\/3\/4\/58.1-341","metadata":false},{"id":62449,"structure_id":14178,"section_number":"58.1-341.1","catch_line":"Returns of individuals; 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how kept","url":"\/58.1-354\/","token":"58.1\/I\/3\/4\/58.1-354","metadata":false},{"id":65733,"structure_id":14178,"section_number":"58.1-355","catch_line":"Income taxes of members of armed services on death","url":"\/58.1-355\/","token":"58.1\/I\/3\/4\/58.1-355","metadata":false},{"id":64802,"structure_id":14178,"section_number":"58.1-356","catch_line":"Reporting of payments by third-party settlement organizations","url":"\/58.1-356\/","token":"58.1\/I\/3\/4\/58.1-356","metadata":false}],"previous_section":{"id":76366,"structure_id":14178,"section_number":"58.1-344.3","catch_line":"Voluntary contributions of refunds requirements","url":"\/58.1-344.3\/","token":"58.1\/I\/3\/4\/58.1-344.3","metadata":false},"next_section":{"id":78857,"structure_id":14178,"section_number":"58.1-345","catch_line":"Repealed","url":"\/58.1-345\/","token":"58.1\/I\/3\/4\/58.1-345","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-344.4\/","history_text":"

This law was first created in 2013. The record of its establishment is cataloged in chapters 28<\/a> and 402<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2020, chapter 900<\/a>; in 2024, chapter 217<\/a>.<\/p>","references":[{"id":70736,"section_number":"58.1-344.2","catch_line":"Voluntary contributions; cost of administration","order_by":null,"url":"\/58.1-344.2\/"}],"refers_to":[{"id":66160,"section_number":"23.1-700","catch_line":"Definitions","order_by":null,"url":"\/23.1-700\/"},{"id":83093,"section_number":"58.1-1833","catch_line":"Interest on overpayments or improper collection","order_by":null,"url":"\/58.1-1833\/"}],"permalink":{"id":254301,"object_type":"law","relational_id":83671,"identifier":"58.1-344.4","token":"58.1\/I\/3\/4\/58.1-344.4","url":"\/58.1-344.4\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-344.4\/","token":"58.1\/I\/3\/4\/58.1-344.4","dublin_core":{"Title":"Voluntary contributions of refunds into Commonwealth Savers Plan accounts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-344.4","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> If an individual<\/span> is entitled to an income tax refund for the taxable year, that individual<\/span> may designate on his Virginia individual<\/span> income tax return a contribution to one or more Commonwealth Savers Plan accounts established under Chapter 7 (§ 23.1-700<\/a> et seq.) of Title 23.1, in the amount of the entire individual<\/span> income tax refund or a portion thereof. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> 1. The Department<\/span> of Taxation shall send each contribution made pursuant to subsection A to the Commonwealth Savers Plan with the following information:\n\t\t\ta. The amount of the individual<\/span> income tax refund or that portion of the refund that the individual<\/span> has chosen to contribute;\n\t\t\tb. The taxpayer<\/span>’s name, Social Security number or taxpayer<\/span> identification number, address, and telephone number; and\n\t\t\tc. The Commonwealth Savers Plan account number or numbers into which the contributions will be deposited. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> If a contribution to a Commonwealth Savers Plan account is designated in an individual<\/span> income tax return filed jointly by married individuals<\/span>, the Department<\/span> of Taxation shall send the information described in subdivision 1 for both spouses to the Commonwealth Savers Plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> 1. If the taxpayer<\/span> owns a single Commonwealth Savers Plan account, the Commonwealth Savers Plan shall deposit the contribution made pursuant to subsection A into that account. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> If the taxpayer<\/span> owns more than one Commonwealth Savers Plan account, the Commonwealth Savers Plan shall allocate the contribution made pursuant to subsection A between or among the accounts in equal amounts, or as otherwise designated by the taxpayer<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> If the taxpayer<\/span> does not own an existing Commonwealth Savers Plan account and does not wish to open an account, contributions made pursuant to subsection A shall be returned to the taxpayer<\/span> by the Commonwealth Savers Plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> For the purpose of determining interest on an overpayment or refund under § 58.1-1833<\/a>, no interest shall accrue after the Department<\/span> of Taxation sends the contribution to the Commonwealth Savers Plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Any taxpayer<\/span> designating that a refund be contributed to a Commonwealth Savers Plan account shall, by making such designation, be deemed to authorize the Department<\/span> of Taxation to provide all necessary information, including the information specified in subdivision B 1, to the Commonwealth Savers Plan. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nVOLUNTARY CONTRIBUTIONS OF REFUNDS INTO COMMONWEALTH SAVERS PLAN ACCOUNTS (\u00a7\n58.1-344.4)\n\nA. If an individual is entitled to an income tax refund for the taxable year,\nthat individual may designate on his Virginia individual income tax return a\ncontribution to one or more Commonwealth Savers Plan accounts established under\nChapter 7 (§ 23.1-700 et seq.) of Title 23.1, in the amount of the entire\nindividual income tax refund or a portion thereof.\n\nB. 1. The Department of Taxation shall send each contribution made pursuant to\nsubsection A to the Commonwealth Savers Plan with the following information:\n\t\t\ta. The amount of the individual income tax refund or that portion of the\nrefund that the individual has chosen to contribute;\n\t\t\tb. The taxpayer’s name, Social Security number or taxpayer\nidentification number, address, and telephone number; and\n\t\t\tc. The Commonwealth Savers Plan account number or numbers into which the\ncontributions will be deposited.\n\n 2. If a contribution to a Commonwealth Savers Plan account is designated in an\n individual income tax return filed jointly by married individuals, the\n Department of Taxation shall send the information described in subdivision 1\n for both spouses to the Commonwealth Savers Plan.\n\nC. 1. If the taxpayer owns a single Commonwealth Savers Plan account, the\nCommonwealth Savers Plan shall deposit the contribution made pursuant to\nsubsection A into that account.\n\n 2. If the taxpayer owns more than one Commonwealth Savers Plan account, the\n Commonwealth Savers Plan shall allocate the contribution made pursuant to\n subsection A between or among the accounts in equal amounts, or as otherwise\n designated by the taxpayer.\n\n 3. If the taxpayer does not own an existing Commonwealth Savers Plan account\n and does not wish to open an account, contributions made pursuant to\n subsection A shall be returned to the taxpayer by the Commonwealth Savers\n Plan.\n\nD. For the purpose of determining interest on an overpayment or refund under\n§ 58.1-1833, no interest shall accrue after the Department of Taxation\nsends the contribution to the Commonwealth Savers Plan.\n\nE. Any taxpayer designating that a refund be contributed to a Commonwealth\nSavers Plan account shall, by making such designation, be deemed to authorize\nthe Department of Taxation to provide all necessary information, including the\ninformation specified in subdivision B 1, to the Commonwealth Savers Plan.\n\nHISTORY: 2013, cc. 28, 402; 2020, c. 900; 2024, c. 217.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}