Yes. There are many, many reasons to amend your return. If your return has been efiled and accepted already, you may want to wait to get the refund on the original return before you amend it. If you have any other details regarding this question, please feel free to post them in the comment section.
Firstly, the longer you wait, the more likely that any else that needs to be added (such as the 1098-T) will arrive or come to your attention. This provides for an accurate and complete amendment the first time and less possibility of an amendment of an amendment.
Secondly, any additional refund that you get as a result of the amendment will take 2 to 3 months to be processed.
Other reasons to amend:
- You need to report a tax form you forgot about or received post-filing (most commonly a W-2, 1099, or 1095-A).
- You received a corrected tax form after filing (the "corrected" box is checked) and the new info changes your refund or tax due amount.
- You forgot to report income or claim dependents, deductions, or credits.
- You accidentally claimed dependents, deductions, or credits you're not eligible for.
- You made an error that affects your bottom line, such as reporting income or deductions in 2016 that should've been claimed in a prior tax year (in that case, you'll need to amend all affected tax years).
- You need to change your filing status (e.g., you want to change from Single to Head of Household).
- We instructed you to amend because of a program error (uncommon).
