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How to File an Amended Tax Return with the IRS

Updated for Revenue enhancement Year 2021 • February 25, 2022 06:14 AM

OVERVIEW

Did you brand a mistake on your taxation return or realize you missed out on a valuable taxation deduction or credit? You lot can file an amended tax return to brand the correction. Filing an amended tax return with the IRS is a straightforward procedure. This article includes step-by-step instructions for when and how to amend your tax return using Form 1040-X.

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Fundamental Takeaways

• If you filed a taxation return with missing or incorrect information, you lot can amend your tax render using Form 1040-X.

• Do non utilize Form 1040-X to report clerical errors, which the IRS will correct. Use it to report important changes, such every bit correcting your filing condition, adding or removing a dependent, claiming revenue enhancement deductions or credits you missed, or calculation taxable income yous forgot about.

• You lot typically must file an amended return inside three years from the original filing deadline, or inside two years of paying the tax due for that twelvemonth, if that date is later.

Mistakes happen — even on tax returns. That's why the IRS allows taxpayers to correct their tax returns if they discover an error on a return that's already been filed. Here's what yous need to know about filing an amended tax render.

When to file an amended tax return

There are times when you should amend your return and times when you shouldn't. Here are some mutual situations that call for an amendment:

Y'all realized y'all missed out on claiming a tax deduction or credit.
You accidentally claimed the incorrect tax filing condition.
You demand to add together or remove a dependent.
You forgot to claim taxable income on your tax return.
You realize you claimed an expense, deduction or credit that y'all weren't eligible to claim.

Yous usually don't need to file an amended return if you discover math or clerical errors on a recently filed tax return. The IRS volition often correct those types of mistakes on its ain and, if necessary, send you a neb for the additional revenue enhancement due or a refund if the error was in your favor.

Before filing an amended render, make certain the IRS has already processed the revenue enhancement return you demand to amend. That way, yous tin ensure the IRS won't become your original return and amended return mixed up. If you've already received your tax refund, so you know the IRS has already processed your return.

Simply keep in heed that the IRS limits the amount of time you lot have to file an amended return to claim a refund to:

Inside three years from the original filing borderline, or
Inside ii years of paying the tax due for that twelvemonth, if that date is later.

If you're outside of that window, you can't claim a refund by amending your return.

How to file an amended tax return

The procedure for filing an amended return is fairly straightforward. Here'south a step-by-step guide.

Stride one: Collect your documents

Gather your original tax render and any new documents needed to prepare your amended return.

If you need to correct the income you reported on your return, you may have a new or amended W-2 or 1099 form. If yous missed challenge a tax deduction or credit, y'all'll need documentation to support the new deduction yous're claiming, such as a receipt for a charitable donation, new or amended Grade 1098 Mortgage Interest Statement, or Course 1098-T to merits an education credit.

If yous initially filed your tax return using TurboTax, you tin can access your revenue enhancement return online or impress a re-create of that render by logging in to your account at TurboTax online or print a PDF of your return from the re-create saved on your figurer.

If you lot didn't file using TurboTax and tin't locate a copy of your render, y'all can guild a copy of your taxation transcript using the Get Transcript tool on IRS.gov. Your transcript shows most of the lines from your taxation return, including income, deductions, credits, and taxation payments.

TurboTax Tip: When you file an amended return, you should include any new documents needed to support your changes, such as a new or amended W-2 or 1099 form to written report additional income, a new or amended Grade 1098 Mortgage Interest Statement, or a Class 1098-T to claim an education credit.

Stride 2: Get the right forms

The IRS form for amending a render is Form 1040-X. You'll also need whatsoever forms that volition be impacted past your change. For example, if you're irresolute your itemized deductions, you'll likewise need a copy of Schedule A for that taxation year. To amend your tax return to add together additional interest or dividend income, you'll demand a copy of Schedule B. Changes to revenues or expenses from a merchandise or business will require Schedule C and Schedule SE. Updating your capital letter gains and losses will require Course 8949 and Schedule D, and so on.

You can also set your amended return in TurboTax. To practise this, you need to apply the version of TurboTax that applies to the tax year you need to improve. For case, if you need to amend your 2020 tax render, you lot need to use the 2020 version of TurboTax.

If you prepared your original tax return using TurboTax, log in to your account, open the tax return yous already filed, and click on the link to amend your return. From there, the software will walk you through the process of filing the amendment.

If you didn't utilise TurboTax to file your tax return, yous tin can use TurboTax to ready the amendment. Even so, you'll first have to enter your information into TurboTax to match what you filed the beginning time, and so showtime the process of alteration information technology.

Step 3: Fill out Form 1040-10

Form 1040-10 contains 3 columns:

Column A. This column shows the numbers previously reported on your tax return. Use the copy of your tax return yous gathered in Stride one to complete this cavalcade.
Column B. This column shows how the amounts from your original return need to increment or subtract. For example, if you're amending your gross income to include $50 of interest income missing from your previously filed tax return, yous would enter $50 on line i, column B.
Cavalcade C. This column shows the correct corporeality. Simply add the amounts from cavalcade A and column B and enter the result hither.

In Part III of Form 1040-X, you'll need to provide a clear explanation for your reasons for filing an amended return.

When you employ TurboTax to set your amended return, you don't need to know all the details. In one case you indicate that you're preparing an amended return, the software volition assist you fill out Class 1040-X and any supporting forms as you make changes to your income and deductions.

Footstep iv: Submit your amended forms

Showtime with the 2019 tax year, the IRS allows you to eastward-file amended tax returns. To amend a return for 2018 or before, y'all'll need to print the completed Form 1040-Ten and whatever other forms y'all're alteration. Attach whatever necessary supporting documentation, such as:

Whatsoever new or amended Due west-2s or 1099 forms
Other forms or schedules that changed, such every bit Schedule A if you updated your itemized deductions
Your CP2000 discover if you're amending your tax render considering of a notice you received from the IRS

Mail all the forms and documents to the address provided in the instructions.

If amending your taxation render results in a higher revenue enhancement neb, you volition need to brand an additional revenue enhancement payment. You can postal service a check with the subpoena or go online and brand a payment at the IRS website afterward logging into their system. By making a payment now instead of waiting for the IRS to ship an invoice, you tin minimize the interest and penalties you'll owe.

Keep in mind that if you file an amended tax return on newspaper rather the due east-filing, information technology tin can take the IRS eight to 12 weeks to process the subpoena. You tin cheque the status of your amended return using the IRS' Where's My Amended Render? Wait about iii weeks from the date you mailed your return for the information to testify upwardly in the IRS system.

If you ameliorate your federal income tax return, you'll likely also need to file an amended taxation return with your land. Each state has its own form to amend a tax return. TurboTax will select the right form for you when y'all set up your federal amended return and supply instructions for mailing the correct forms to your state's department of revenue.

If you owed a lot in taxes or received a large refund, you may want to update your withholding. You can use the free Withholding Calculator from TurboTax to estimate your paycheck withholding, then consummate a new Form W-iv and give information technology to your employer's HR or payroll section.

Call up, with TurboTax, nosotros'll ask yous simple questions well-nigh your life and help you fill out all the right revenue enhancement forms. With TurboTax you lot tin be confident your taxes are done right, from unproblematic to complex tax returns, no matter what your situation.

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