{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-502.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-502.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-502.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-502.html"}],"law_id":79458,"edition_id":1,"section_id":79458,"structure_id":16266,"section_number":"58.1-502","catch_line":"Installment payment of estimated income tax","history":"Code 1950, \u00a7 58-151.38; 1968, c. 14; 1977, c. 396; 1984, c. 675.","full_text":"A\n\nThe amount of estimated tax with respect to which a declaration is required under \u00a7 58.1-500 shall be paid in installments as follows:1\n\nIf the declaration is required to be filed by the fifteenth day of the fourth month of the taxable year, twenty-five percent of the estimated tax shall be paid on the fifteenth day of the fourth, sixth, ninth and twelfth month of the taxable year.2\n\nIf the declaration is required to be filed by the fifteenth day of the sixth month of the taxable year, one-third of the estimated tax shall be paid on the fifteenth day of the sixth, ninth and twelfth month of the taxable year.3\n\nIf the declaration is required to be filed by the fifteenth day of the ninth month of the taxable year, one-half of the estimated tax shall be paid on the fifteenth day of the ninth and twelfth month of the taxable year.4\n\nIf the declaration is required to be filed by the fifteenth day of the twelfth month of the taxable year, 100 percent of the estimated tax shall be paid on the fifteenth day of the twelfth month of the taxable year.B\n\nA declaration is timely filed if it is not required by § 58.1-501 A to be filed on a date (determined without regard to any extension of time for filing the declaration) before the date it is actually filed.C\n\nIf the declaration is filed after the time prescribed in § 58.1-501 A (determined without regard to any extension of time for filing the declaration), there shall be paid at the time of such filing all installments of estimated tax which would have been payable on or before such time if the declaration had been filed within such prescribed time, and the remaining installments shall be paid at the times at which, and in the amounts in which, they would have been payable if the declaration had been so filed.D\n\nIf any amendment of a declaration is filed, the amount of each remaining installment (if any) shall be the amount which would have been payable if the new estimate had been made when the first estimate for the taxable year was made, increased or decreased (as the case may be), by the amount computed by dividing: 1. the difference between (i) the amount of estimated tax required to be paid before the date on which the amendment is made, and (ii) the amount of estimated tax which would have been required to be paid before such date if the new estimate had been made when the first estimate was made, by 2. the number of installments remaining to be paid on or after the date on which the amendment is made.E\n\nThe application of this section to taxable years of less than twelve months shall be in accordance with regulations prescribed by the Tax Commissioner.F\n\nPayment of the estimated income tax, or any installment thereof, shall be considered payment on account of the income tax imposed by this chapter for the taxable year.G\n\nThe Tax Commissioner may grant a reasonable extension of time for payment of estimated tax (or any installment), or for filing any declaration pursuant to this article, on condition that the taxpayer shall pay interest on the amount involved at a rate determined in accordance with § 58.1-15, from the time the payment was due until the time of payment. No such extension shall exceed six months.","order_by":null,"text":{"0":{"id":284634,"text":"The amount of estimated tax with respect to which a declaration is required under \u00a7 58.1-500 shall be paid in installments as follows:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":284635,"text":"If the declaration is required to be filed by the fifteenth day of the fourth month of the taxable year, twenty-five percent of the estimated tax shall be paid on the fifteenth day of the fourth, sixth, ninth and twelfth month of the taxable year.","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":284636,"text":"If the declaration is required to be filed by the fifteenth day of the sixth month of the taxable year, one-third of the estimated tax shall be paid on the fifteenth day of the sixth, ninth and twelfth month of the taxable year.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":284637,"text":"If the declaration is required to be filed by the fifteenth day of the ninth month of the taxable year, one-half of the estimated tax shall be paid on the fifteenth day of the ninth and twelfth month of the taxable year.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":284638,"text":"If the declaration is required to be filed by the fifteenth day of the twelfth month of the taxable year, 100 percent of the estimated tax shall be paid on the fifteenth day of the twelfth month of the taxable year.","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"B"},"5":{"id":284639,"text":"A declaration is timely filed if it is not required by § 58.1-501 A to be filed on a date (determined without regard to any extension of time for filing the declaration) before the date it is actually filed.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A4","next_prefix":"C"},"6":{"id":284640,"text":"If the declaration is filed after the time prescribed in § 58.1-501 A (determined without regard to any extension of time for filing the declaration), there shall be paid at the time of such filing all installments of estimated tax which would have been payable on or before such time if the declaration had been filed within such prescribed time, and the remaining installments shall be paid at the times at which, and in the amounts in which, they would have been payable if the declaration had been so filed.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"7":{"id":284641,"text":"If any amendment of a declaration is filed, the amount of each remaining installment (if any) shall be the amount which would have been payable if the new estimate had been made when the first estimate for the taxable year was made, increased or decreased (as the case may be), by the amount computed by dividing: 1. the difference between (i) the amount of estimated tax required to be paid before the date on which the amendment is made, and (ii) the amount of estimated tax which would have been required to be paid before such date if the new estimate had been made when the first estimate was made, by 2. the number of installments remaining to be paid on or after the date on which the amendment is made.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"8":{"id":284642,"text":"The application of this section to taxable years of less than twelve months shall be in accordance with regulations prescribed by the Tax Commissioner.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"9":{"id":284643,"text":"Payment of the estimated income tax, or any installment thereof, shall be considered payment on account of the income tax imposed by this chapter for the taxable year.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E","next_prefix":"G"},"10":{"id":284644,"text":"The Tax Commissioner may grant a reasonable extension of time for payment of estimated tax (or any installment), or for filing any declaration pursuant to this article, on condition that the taxpayer shall pay interest on the amount involved at a rate determined in accordance with § 58.1-15, from the time the payment was due until the time of payment. No such extension shall exceed six months.","type":"section","prefixes":["G"],"prefix":"G","entire_prefix":"G","prefix_anchor":"G","level":1,"prior_prefix":"F"}},"ancestry":[{"id":16266,"edition_id":1,"name":"Estimated Taxes of Corporations","identifier":"20","label":"article","depth":4,"order_by":1,"parent_id":13152,"metadata":{},"date_created":"2026-06-26 04:11:43","date_modified":"2026-06-26 04:11:43","permalink":{"id":254029,"object_type":"structure","relational_id":16266,"identifier":"20","token":"58.1\/I\/3\/20","url":"\/58.1\/I\/3\/20\/","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":73973,"structure_id":16266,"section_number":"58.1-500","catch_line":"Declarations of estimated income tax required; contents, etc","url":"\/58.1-500\/","token":"58.1\/I\/3\/20\/58.1-500","metadata":false},{"id":65872,"structure_id":16266,"section_number":"58.1-501","catch_line":"Time for filing declarations of estimated income tax","url":"\/58.1-501\/","token":"58.1\/I\/3\/20\/58.1-501","metadata":false},{"id":79458,"structure_id":16266,"section_number":"58.1-502","catch_line":"Installment payment of estimated income tax","url":"\/58.1-502\/","token":"58.1\/I\/3\/20\/58.1-502","metadata":false},{"id":77337,"structure_id":16266,"section_number":"58.1-503","catch_line":"Where declarations filed and how payments made; crediting or refunding overpayments","url":"\/58.1-503\/","token":"58.1\/I\/3\/20\/58.1-503","metadata":false},{"id":76990,"structure_id":16266,"section_number":"58.1-504","catch_line":"Failure to pay estimated income tax","url":"\/58.1-504\/","token":"58.1\/I\/3\/20\/58.1-504","metadata":false}],"previous_section":{"id":65872,"structure_id":16266,"section_number":"58.1-501","catch_line":"Time for filing declarations of estimated income tax","url":"\/58.1-501\/","token":"58.1\/I\/3\/20\/58.1-501","metadata":false},"next_section":{"id":77337,"structure_id":16266,"section_number":"58.1-503","catch_line":"Where declarations filed and how payments made; crediting or refunding overpayments","url":"\/58.1-503\/","token":"58.1\/I\/3\/20\/58.1-503","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-502\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 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 1968, chapter 14; in 1977, chapter 396; in 1984, chapter 675.<\/p>","references":false,"refers_to":[{"id":77006,"section_number":"58.1-15","catch_line":"Rate of interest","order_by":null,"url":"\/58.1-15\/"},{"id":73973,"section_number":"58.1-500","catch_line":"Declarations of estimated income tax required; contents, etc","order_by":null,"url":"\/58.1-500\/"},{"id":65872,"section_number":"58.1-501","catch_line":"Time for filing declarations of estimated income tax","order_by":null,"url":"\/58.1-501\/"}],"permalink":{"id":254039,"object_type":"law","relational_id":79458,"identifier":"58.1-502","token":"58.1\/I\/3\/20\/58.1-502","url":"\/58.1-502\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-502\/","token":"58.1\/I\/3\/20\/58.1-502","dublin_core":{"Title":"Installment payment of estimated income tax","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-502","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The amount of estimated tax with respect to which a declaration is required under \u00a7 58.1-500<\/a> shall be paid in installments as follows: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> If the declaration is required to be filed by the fifteenth day of the fourth month of the taxable year, twenty-five percent of the estimated tax shall be paid on the fifteenth day of the fourth, sixth, ninth and twelfth month of the taxable year. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> If the declaration is required to be filed by the fifteenth day of the sixth month of the taxable year, one-third of the estimated tax shall be paid on the fifteenth day of the sixth, ninth and twelfth month of the taxable year. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> If the declaration is required to be filed by the fifteenth day of the ninth month of the taxable year, one-half of the estimated tax shall be paid on the fifteenth day of the ninth and twelfth month of the taxable year. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> If the declaration is required to be filed by the fifteenth day of the twelfth month of the taxable year, 100 percent of the estimated tax shall be paid on the fifteenth day of the twelfth month of the taxable year. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A declaration is timely filed if it is not required by § 58.1-501<\/a> A to be filed on a date (determined without regard to any extension of time for filing the declaration) before the date it is actually filed. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If the declaration is filed after the time prescribed in § 58.1-501<\/a> A (determined without regard to any extension of time for filing the declaration), there shall be paid at the time of such filing all installments of estimated tax which would have been payable on or before such time if the declaration had been filed within such prescribed time, and the remaining installments shall be paid at the times at which, and in the amounts in which, they would have been payable if the declaration had been so filed. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> If any amendment of a declaration is filed, the amount of each remaining installment (if any) shall be the amount which would have been payable if the new estimate had been made when the first estimate for the taxable year was made, increased or decreased (as the case may be), by the amount computed by dividing: 1. the difference between (i) the amount of estimated tax required to be paid before the date on which the amendment is made, and (ii) the amount of estimated tax which would have been required to be paid before such date if the new estimate had been made when the first estimate was made, by 2. the number of installments remaining to be paid on or after the date on which the amendment is made. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The application of this section to taxable years of less than twelve months shall be in accordance with regulations prescribed by the Tax Commissioner<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> Payment of the estimated income tax, or any installment thereof, shall be considered payment on account of the income tax imposed by this chapter for the taxable year. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

G.<\/span> The Tax Commissioner<\/span> may grant a reasonable extension of time for payment of estimated tax (or any installment), or for filing any declaration pursuant to this article, on condition that the taxpayer<\/span> shall pay interest on the amount involved at a rate determined in accordance with § 58.1-15<\/a>, from the time the payment was due until the time of payment. No such extension shall exceed six months. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINSTALLMENT PAYMENT OF ESTIMATED INCOME TAX (\u00a7 58.1-502)\n\nA. The amount of estimated tax with respect to which a declaration is required\nunder \u00a7 58.1-500 shall be paid in installments as follows:\n\n 1. If the declaration is required to be filed by the fifteenth day of the\n fourth month of the taxable year, twenty-five percent of the estimated tax\n shall be paid on the fifteenth day of the fourth, sixth, ninth and twelfth\n month of the taxable year.\n\n 2. If the declaration is required to be filed by the fifteenth day of the\n sixth month of the taxable year, one-third of the estimated tax shall be paid\n on the fifteenth day of the sixth, ninth and twelfth month of the taxable\n year.\n\n 3. If the declaration is required to be filed by the fifteenth day of the\n ninth month of the taxable year, one-half of the estimated tax shall be paid\n on the fifteenth day of the ninth and twelfth month of the taxable year.\n\n 4. If the declaration is required to be filed by the fifteenth day of the\n twelfth month of the taxable year, 100 percent of the estimated tax shall be\n paid on the fifteenth day of the twelfth month of the taxable year.\n\nB. A declaration is timely filed if it is not required by § 58.1-501 A to\nbe filed on a date (determined without regard to any extension of time for\nfiling the declaration) before the date it is actually filed.\n\nC. If the declaration is filed after the time prescribed in § 58.1-501 A\n(determined without regard to any extension of time for filing the declaration),\nthere shall be paid at the time of such filing all installments of estimated tax\nwhich would have been payable on or before such time if the declaration had been\nfiled within such prescribed time, and the remaining installments shall be paid\nat the times at which, and in the amounts in which, they would have been payable\nif the declaration had been so filed.\n\nD. If any amendment of a declaration is filed, the amount of each remaining\ninstallment (if any) shall be the amount which would have been payable if the\nnew estimate had been made when the first estimate for the taxable year was\nmade, increased or decreased (as the case may be), by the amount computed by\ndividing: 1. the difference between (i) the amount of estimated tax required to\nbe paid before the date on which the amendment is made, and (ii) the amount of\nestimated tax which would have been required to be paid before such date if the\nnew estimate had been made when the first estimate was made, by 2. the number of\ninstallments remaining to be paid on or after the date on which the amendment is\nmade.\n\nE. The application of this section to taxable years of less than twelve months\nshall be in accordance with regulations prescribed by the Tax Commissioner.\n\nF. Payment of the estimated income tax, or any installment thereof, shall be\nconsidered payment on account of the income tax imposed by this chapter for the\ntaxable year.\n\nG. The Tax Commissioner may grant a reasonable extension of time for payment of\nestimated tax (or any installment), or for filing any declaration pursuant to\nthis article, on condition that the taxpayer shall pay interest on the amount\ninvolved at a rate determined in accordance with § 58.1-15, from the time\nthe payment was due until the time of payment. No such extension shall exceed\nsix months.\n\nHISTORY: Code 1950, \u00a7 58-151.38; 1968, c. 14; 1977, c. 396; 1984, c. 675.","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}}