Updates definitions in West Virginia's Personal Income Tax Act to align with federal tax laws.
This bill updates the definitions of federal adjusted gross income and other terms in the West Virginia Personal Income Tax Act to align with federal tax laws. It specifies that changes to federal laws after December 31, 2023, but before January 1, 2025, will be incorporated into West Virginia's tax laws, while changes made on or after January 1, 2025, will not. The bill also clarifies that employer contributions to medical savings accounts are not considered wages for withholding purposes.
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