HI all, I have wondered about this for awhile. I have a utility that scans for updates to apps on my Mac, so I get updates pretty quickly. For example, today it flagged an update to Turbo Tax 2023 - not the first since April 15.
My question is this - without knowing what the changes are, how would I know if a change to an old version of TT affected my filed taxes and should trigger an amended filing? I have seen updates this summer for 2022 and 2021 as well.
I realize most of those updates could be pretty obscure stuff. But how would I know? I hope I don't have to drag out my filed returns and compare line by line!
Thanks!
Good question which was addressed here.
Unless I missed it that wasn’t quite my question. Should I infer from that it will modify my file if there is a change? I have 2 tax files, mine and my mom’s. So I have to load copies of the files and see if it changes them?
Yes. If the update changes a calculation that uses that data or updates where that data flows, then the program will use your existing data in the new calculation or data flow. You should keep a pdf of your return that you filed and compare that with what you see after an update.
These are crazy responses (the ones on that link) . What if the tax calculation has changed after filing due to a bug in turbotax and the tax amount has changed??? You cannot just stop preventing updates . Intuit needs to address this ASAP and allow customers to file free updated returns if there was a bug in the software that affected the return amounts or taxes due or refundable.
Yes you may have to file an Amended return. Turbo Tax should email you if there are any updates that will change your return after you file.
Thank you @VolvoGirl , assuming that's correct that's crucial. No one is going to keep re-loading their tax file(s) after submission, seeing if there was a software update and trying to determine if an amended return is warranted. From what I have seen, updates can come even a year or two after the tax season supported. Intuit needs to tell customers if an update affects or potentially affects their return, for sure!
Amended return Form 1040-X is already available for no charge.
Email is sent when an issue affect many customers, such as Congress changes the law in mid-season.
Otherwise you are on your own. Fortunately for most taxpayers, the probability is very low.