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New Member
posted Jun 3, 2019 4:52:52 PM

Why is my federal AGI on my federal form different than the one on my state form?

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1 Best answer
Level 1
Jun 3, 2019 4:52:54 PM

It is not uncommon the federal and state AGIs will be different because the IRS and states calculate income differently.

Often in the area of retirement benefits and investment income, states will exclude or limit income which are fully taxable at the federal level. There are also different credits for federal and state tax returns. 

1 Replies
Level 1
Jun 3, 2019 4:52:54 PM

It is not uncommon the federal and state AGIs will be different because the IRS and states calculate income differently.

Often in the area of retirement benefits and investment income, states will exclude or limit income which are fully taxable at the federal level. There are also different credits for federal and state tax returns.