Is state tax withheld supposed to have an amount for my high yield savings?
I am filing in California and my HYS 1099-INT does not show a state tax withheld amount in box 17. How do I move forward from this?
03842
3 Replies
MindyB
Expert Alumni
Mar 26, 2025 6:39:09 PM
No. You'll just leave the state section blank, and tax will be completed on your CA return. Boxes 15-17 should all be left blank when no state tax is withheld.
VolvoGirl
Level 15
Mar 26, 2025 6:42:03 PM
Did you have any federal withholding taken out? It would be unusual to have tax withholding on a bank or savings account unless you are subject to backup withholding.
henrycadence11
New Member
Mar 26, 2025 6:47:38 PM
No, it hadn’t said anything had been withheld but it kept pushing to have an amount withheld for state taxes because it’s California? The information was already put in for me I had just transferred it from my bank