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tacos4sale67
New Member

I just received a secondary W2, I'm trying to amend, but the return is showing up as me owing the IRS, my original $1,800 recovery rebate credit. Why is this happening?

 
3 Replies
xmasbaby0
Level 15

I just received a secondary W2, I'm trying to amend, but the return is showing up as me owing the IRS, my original $1,800 recovery rebate credit. Why is this happening?

We cannot see your tax return so we cannot know for sure what is happening with the calculations,   But when you added a W-2----you added taxable income.    More income = more tax.    That extra income might be eating up some of your recovery rebate credit, which can be used to pay tax you owe.  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
fanfare
Level 15

I just received a secondary W2, I'm trying to amend, but the return is showing up as me owing the IRS, my original $1,800 recovery rebate credit. Why is this happening?

if you filed for the Rebate Credit,

when you amend you must continue to file for the Rebate Credit.

BUT

if your new W-2 pushes you over the AGI limit, you may no longer be eligible for the stimulus checks.

Critter-3
Level 15

I just received a secondary W2, I'm trying to amend, but the return is showing up as me owing the IRS, my original $1,800 recovery rebate credit. Why is this happening?

Don't file until you get the original refund.  

 

Look at the form 1040X …

Column A should have the figures from the original return, Column C the corrected figures and Column B the differences between the other 2 which needs an explanation on page 2 of the form 1040X.

 

If you completed it correctly you will see an entry on either line 16 OR 18:

On line 16 should be the amount you paid with your original return. If you paid nothing already then this line should be zero.

On line 18 should be the amount of your original refund you received.  If you have not received your refund yet then you need to wait for it.  If the refund changes from what you expected then this line must reflect that change.

 

Then you will see your extra refund on line 22 OR  the new balance due you need to pay on line 20.

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