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Level 2
April 29, 2021
Question

Overpayment

  • April 29, 2021
  • 1 reply
  • 3 views

I filed my taxes prior to amendment. I have already received my federal refund. Turbo tax shows I have an overpayment because IRS has recalculated federal refund because of unemployment. Do I subtract the overpayment amount from what I have already received or is the overpayment amount what I'm still owed?

Thank you in advance!

    1 reply

    Mike9241
    Level 15
    Level 15
    April 29, 2021

    that's probably the additional amount.  do not file an amended return per the iRS. 

    Mike9241
    CpetrassiAuthor
    Level 2
    May 3, 2021

    Where do I find my 1040-X?

    Do I have to do anything or does turbo tax take care of it?

    Thank you

    ColeenD3
    Level 15
    May 4, 2021

    You don't need a 1040x. Do not amend. Take a look at your 1040 to see how much you were going to initially get back and compare it to what you received.