1099 Int

[kl-sylva]

I submitted my return and subsequently located a 1099INT for $56.  Should I bother with an amendment?  It changes my refund by $16.

[Bsch4477]

It’s your call but I would let the IRS adjust my return if they even deal with it. 

[NicolleR1]

If you don't amend your tax return, you might receive a future IRS letter adjusting your return for the missing income. Subsequently, the $16 difference will incur interest and penalties from the date your return is due (April 15, 2025). This will continue until the IRS adjusts your taxes and the amount is fully paid. 

[Bsch4477]

The penalty caps at 25% of tax owed.