I already filed and paid my taxes. TurboTax did an upgrade and now I owe LESS in taxes. How do I get that money back from the government?

[Palisades523]

I already filed and paid my taxes early. TurboTax did an upgrade and now I owe LESS in taxes. How do I get that money back from the Federal government?

[DoninGA · Accepted solution]

If the change was for the unemployment compensation exclusion, the IRS will be recalculating the taxes starting in May and send a refund to you.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-m...

If it was not for unemployment compensation exclusion then you will have to file an amended tax return.

An amended return, Form 1040X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 16 weeks or longer to process an amended tax return.

Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.

See this TurboTax support FAQ on amending a tax return originally completed and filed using the 2020 TurboTax editions - https://ttlc.intuit.com/community/amending/help/how-do-i-amend-my-return/01/27439

[Palisades523]

Thank you very much!