You'll need to sign in or create an account to connect with an expert.
Yes, you can amend after you receive your refund BUT I would hold on to the document and do nothing right now. If you do need to amend your return for some other reason, then add this $1.61.
The tax on $1.61 even at 25% tax bracket is less than $1. IRS does use tolerances (which are not made available to the public) This would definitely be below that threshold therefore you would not need to file an amendment for such a small amount.
Yes, you can amend after you receive your refund BUT I would hold on to the document and do nothing right now. If you do need to amend your return for some other reason, then add this $1.61.
The tax on $1.61 even at 25% tax bracket is less than $1. IRS does use tolerances (which are not made available to the public) This would definitely be below that threshold therefore you would not need to file an amendment for such a small amount.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jpw050
Level 2
wyattennis-hotma
New Member
Mike6465
Level 1
alexis-tunnell17
New Member
rykcade
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.