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Home >> Blog >> The Virginia Telework Tax Credit Returns

The Virginia Telework Tax Credit Returns

Marie Cox
Marie Cox October 18, 2017 0 Comments Marie Cox is a Business Development Manager at Arlington Transportation Partners and has been living car-free since 2010. While she enjoys walking or running to work most days, she also takes advantage of a leisurely commute on the bus every now and then.
ATP Takeaway: The telework tax credit offers up to $50,000 for telework-tax related expenses, but you’ll need to act fast to take advantage of the tax credit for 2018. Here’s how you can get started.

We all know that telework programs are good for business, but now, there’s a tax incentive that helps your company out even more. The Virginia Telework Expenses Tax Credit, which was discontinued after 2016, has returned.

Private or for-profit Virginia businesses could receive up to $50,000 in tax credits for telework-related expenses incurred in 2018 and up to $1,200 can be spent on each teleworking employee. But, you’ll need to act fast and reserve your spot by October 31, 2017 to reap the benefits in 2018.

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What are Telework-Related Expenses?

Eligible telework-related expenses may include:

  • Computer equipment (laptops or tablets)
  • Networking equipment and software
  • Security and antivirus systems
  • Internet access and service (routers or modems)
  • Communications equipment and services (VoIP, landline, cell phone service, video/webcams)
  • Telework center fees

But I Don’t Have a Formal Telework Policy

That’s ok! Right now, you just need to reserve your spot to receive the tax credit for 2018.

However, you will need to develop a formal telework policy and sign a telework agreement with each employee eventually. Arlington Transportation Partners (ATP) along with our friends at Telework!VA can walk you through the process, provide sample policies and documents as well as help you pilot or implement a telework program. Contact us to start creating a policy for your organization.

Where Do I Sign Up?

Interested businesses must file Form TEL-1, included below, with the Department of Taxation no later than October 31, 2017 to receive the tax credit for expenses incurred in 2018. After the form has been filed, the Department will provide tentative approval by December 1.

DOWNLOAD FORM TEL-1 DUE OCTOBER 31, 2017

Photo Credit: Reema Desai/ReemaDesai.com for Arlington Transportation Partners

Tags: ATP Services, Employer, Telework

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