Recovery Rebate Credit

Forum|Forum|4 years ago
February 26, 2022
2 replies
0 views

I mistakenly thought I had not taken the $1400 that the Federal Gov. sent out back in March 2021 and entered that I did not get it. I have since found it in my bank statement and need to amend my taxes to reflect this. I'm in the amend portion of my taxes, but can't find how to make this change. Yes my taxes have been excepted as having been e-filed.

bluedeb

Alumni - Champ

DO NOT file an amended tax return with the IRS. If you entered an amount on line 30 of your 2020 tax return but made a mistake in calculating the amount, the IRS will calculate the correct amount of the Recovery Rebate Credit, make the correction to your 2020 tax return, and continue processing your return.

DoninGA

Level 15

The IRS knows they sent the stimulus payment to you. They will adjust your tax return accordingly. If you are still owed a tax refund it may tax several weeks or longer to receive the refund.

You do not need to amend the 2021 tax return.