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Level 2
posted Apr 26, 2022 11:34:17 PM

federal amendment 2021

I have submitted my 2021 tax return and it is accepted. I have claimed $1400 ecomomic impact payment in my return. I have a refund due but did not get it from IRS yet. Now I realized that $1400 already deposited in my bank account on May 2021. What should I do now. Should I amended my tax return now or wait for IRS response? OR IRS might do a refund with out $1400 (since already paid).

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2 Replies
Level 15
Apr 27, 2022 5:14:29 AM

Don't do anything.  The IRS will automatically adjust (reduce) your refund by $1400, and mail you a letter saying so.

Level 2
Apr 27, 2022 8:43:11 AM

thanks!