my mailed return in March 2021 showed I owed 16204.00
After Turbo tax updates my tax liability has been significantly reduced. Should I send an amended return?
Also should I send a check for just the updated lower amount turbo tax now claims I owe?
no information on my return changed it seems as though a new tax credit was issued by the feds that lowers my tax bill
You'll need to sign in or create an account to connect with an expert.
Did you have unemployment?
If you have filed. The IRS will recalculate your return for the new 10,200 unemployment exemption for you. There is no need for taxpayers to file an amended return unless the calculations make the taxpayer newly eligible for additional federal credits and deductions not already included on the original tax return.
See new IRS article May 14, 2021
Do you need to amend your state return?
https://ttlc.intuit.com/community/state-taxes/help/do-i-need-to-amend-my-state-return/00/2134732
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
faith4302
New Member
SULLA
New Member
parish-angela
New Member
tolnhausen
New Member
ennr33
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.