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Do i need to ammend my return if i answered economic impact paymentswrong?

I received letter in mail from IRS saying  " under the American Rescue Plan, the IRS issued you 2021 Economic Impact Payments for $2100. So is it saying I filed wrong?

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4 Replies

Do i need to ammend my return if i answered economic impact paymentswrong?

I forgot that I received my stimulus payment, in March 15, 2021. My Mom had just died and I was dealing with all of her estate issues. I forgot when I filed my taxes yesterday. Can this be fixed before the return is processed?

ColeenD3
Expert Alumni

Do i need to ammend my return if i answered economic impact paymentswrong?

If you did not include the $2,100 on your return, then yes, it is incorrect. You would need to amend your return to give accurate information.

 

To amend, follow these steps.

 

  1. Sign in to TurboTax
  1. Scroll down to Your tax returns and documents, select 2021, then Amend (change) your return
    • If you only see the option to amend 2020 or earlier, it's because you can't amend an unfiled 2021 return. Instead, select Pick up where you left off so you can make any changes before you file
  2. Carefully follow the instructions to amend.
JamesG1
Employee Tax Expert

Do i need to ammend my return if i answered economic impact paymentswrong?

If your return has been transmitted and rejected by the IRS, you can correct your tax return and re-transmit.

 

If your return has been transmitted and accepted by the IRS, you can amend your Federal 1040 tax return.

 

Amended tax returns are expected to be available February 24.  See forms availability here.

 

You enter the amount of the third stimulus check actually received at the screen Let's double-check the amount you received

 

If you qualify for a Recovery Rebate Credit, you will find it on line 30 of the Federal 1040 tax return.  You may be able to view this under Tax Tools / Tools / View Tax Summary / Preview my 1040.

 

@SharonTuttletax2022

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Do i need to ammend my return if i answered economic impact paymentswrong?

@SharonTuttletax2022  @mroberds12345 

If you entered the wrong amount you got for the 3rd Stimulus payment and claimed the wrong remaining amount on 1040 line 30 for the Recovery rebate credit,  the IRS will automatically adjust it for you and either reduce your refund or send you a bill.  It will delay your return.  You don't need to amend for that.

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