Should I amend my tax return by a small amount?

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Tax day has come and gone and you filed your taxes before tax deadline. But what if you realize you missed something? When should you amend your tax return?

Do you need to amend your tax return?

First of all, make sure that you need to amend your tax return. If you make minor math errors, the IRS says they will be able to correct the minor math errors without requesting an amended Form 1040-X tax return. However, if you need additional income (W2s, unemployment, etc.), change your filing status, claim missed tax credits and tax deductions, then you must amend your tax return if it has not already been received by the IRS. .

How to amend your tax return

To file Form 1040-X Amended US Individual Income Tax Return, You will need to either print and sign it, then mail it, or you can send electronic files. At this time, you can use e-file to amend your 2020, 2021 and 2022 tax returns. Filing it electronically saves some delivery time, as it can take up to 20 weeks to process an amended return. The IRS accepts them. If you are amending your tax return and expect a larger tax refund, the IRS recommends that you wait for the original tax refund check to arrive before sending in your amended return (you can cash the check you receive). If you need help amending your tax return, TurboTax can help you through this process.

Amendment of tax return

But wait, don’t hit the edit button so quickly! There is another situation where you don’t need to make an amendment. Already filed your tax return electronically and received proof of income? If you did, but your e-filed tax return was rejected by the IRS because of the required correction, you do not need to amend your tax return. All you have to do is add the previously missed forms, fix the rejection error on your tax return, and then you can file it by email. And if you used TurboTax, we’ll guide you through correcting the denial status on your tax return. Finally, remember that when you amend your federal tax return, you may need to amend your state tax return as some states follow federal tax law. You can check the status of your amended return using the IRS Where is my modified return tool?.

TurboTax has you covered

Don’t worry about knowing these steps to amend your tax return. TurboTax can help you correct your tax return, and if you used TurboTax Live to prepare your taxes, you can connect live via one-way video TurboTax Live A tax expert in English and Spanish to answer your questions throughout the year.

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