Should Line 9 of GA from 500 be $20k less this year?

Line 9 of Form 500 is your total adjustments from Schedule 1. Schedule 1 lists out your additions and subtractions to income, so a number of factors can total a difference of $20,000 from 2020. Since we cannot see your return, it will be best to compare line by line your Schedule 1 from 2020 to your Schedule 1 in 2021. 

Please read through the list of additions and subtractions on Schedule 1 below to help determine which factors may pertain to your tax situation. 

The following adjustments are additions on Schedule 1:

1. Interest received from non-Georgia municipal bonds and dividends received from mutual funds that derived income from non-Georgia municipal bonds. 
2. Loss carryovers from years when you were not subject to Georgia income tax. 
3. Lump sum distributions from employee benefit plans reported on IRS Form 4972. 
4. Depreciation because of differences in Georgia and Federal law during tax years 1981 through 1986. 
5. Adjustments due to Federal tax changes (see dor. georgia.gov/rules-policies/income-tax/income-tax-federaltax-changes). 
6. Net operating loss carryover deducted on federal return. 
7. Payments for more than $600 in a taxable year made to employees which are not authorized employees. 
8. Taxable portion of withdrawals on the Path2College 529 Plan. 
9. For the qualified education expense credit, the deduction relating to the credit.
10. For the Land Conservation credit, the deduction relating to the credit. 
11. For the qualified rural hospital organization expense tax credit, the deduction relating to the credit.  
12. For the qualified education donation tax credit, the deduction relating to the credit. 

The following adjustments are subtractions on Schedule 1:

1. Retirement income. 
2. Interest and dividends on U.S. Government bonds and other U.S. obligations. 
3. Social security or railroad retirement (tier 1 and tier 2) paid by the Railroad Retirement Board included in Federal adjusted gross income.
4. Salaries and wages reduced from Federal taxable income because of the Federal Jobs Tax Credit.
5. Individual retirement account, Keogh, SEP and SUB-S plan withdrawals where tax has been paid to Georgia because of the difference between Georgia and Federal law for tax years 1981 through 1986.
6. Depreciation because of differences in Georgia and Federal law during tax years 1981 through 1986. 
7. Dependent’s unearned income included in parents’ Federal adjusted gross income. 
8. Income tax refunds from states other than Georgia included in Federal adjusted gross income. 
9. Income from any fund, program or system which is specifically exempted by Federal law or treaty. 
10. Adjustment to Federal adjusted gross income for Georgia resident shareholders for Subchapter S income.