Question

AGI adjustment to state return.

Forum|Forum|4 years ago
September 30, 2021
1 reply
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I already filed my fed and state returns thru turbo tax .I need to add the interest that I earned on my checking account to the AGI. When I do this I qualify for the California stimulus program. Do I amend my state return? Any input would be appreciated.

S

SundayInSalem

California income taxes start with federal AGI so you should amend your state return if you amend federal.

California says:
Generally, if you filed federal Form 1040-X, Amended U.S. Individual Income Tax Return, file an amended California tax return within six months unless the changes do not affect your California tax liability. File an amended return only after you have filed your original or previously filed California tax return.
See: Personal Income Tax Booklet

Qualifying for the Golden State stimulus is all the more reason to amend your return. Why turn down free money?

Click here to learn about Golden State Stimulus II.