If you put the wrong amount from first stimulus payment, do I need to change my federal taxes?

[Katatlas]

I have an update for you guys.

I just checked the where’s my refund app and it shows that we should have our refund by April 7th! It does explain that the stimulus amount I entered was incorrect and shows the new refund amount. I will also receive a letter explaining everything, as well. 

The first thing I thought to do was come and update everyone that is in the same boat as us. I understand needing this money but just try to be a little patient, and definitely DO NOT amend!!! Good luck everyone!

[BeTrue84]

I just wanted to update my post. My taxes were accepted Feb 12 an I noticed I had made an error on the stimulus section. I just checked the where's my refund app an after 7 weeks of keeping that same we are still processing your taxes it finally showed they fixed my mistake an approved everything. We should be getting ours on April 12th in stated. Hope this helps everyone. 

[LenaH]

Yes, that is correct. If the an amount that was claimed for the Recovery Rebate Credit is incorrect, the IRS will automatically adjust your refund or amount due. 

I have attached a screenshot from the IRS page 2020 Recovery Rebate Credit — Topic G: Correcting issues after the 2020 tax return is filed, 

@Katatlas

@hlpeebles

@Rufino0018

[chillymellow]

The correct amount of $600 was on line 30. I'm disabled, and fully eligible. The IRS adjusted it to zero and said I miscalculated. The rebate was my only reason to file.

After the days of trying to get through, being transferred all around, they said they were wrong but I had to file a 1040 x with exactly the same info and explain all the above and maybe they would fix it.

So I tried, but the program keeps putting me at a zero refund.

I can't get it to work. So I was going to do paper but where the heck do I enter my recovery rebate credit???

I fell in a horrible crack here, someone please help me out!

[hlpeebles]

I still have no update. Mine was accepted on the 12th too but it still just says it’s processing and no refund date is shown. Seems like everyone I know has had theirs resolved, except me!!!

[Irene2805]

Don't worry if the monitor goes to zero when amending your return -- this is not unusual. 

Basically you are "amending" your return without changing any of the original amounts, since you did include the Recovery Rebate.  It sounds like the IRS suggested you file an amended return without changing anything, except including an explanation of what has happened.

@chillymellow

The IRS, tax preparers and tax software will not have additional information on refund dates, so the IRS tool, Where’s My Refund? remains the best way to check the status of your refund.  Where’s My Refund? is only updated once daily, usually overnight, so you don’t need to check the status more often.

@hlpeebles

[hlpeebles]

The thing is - when I did speak to someone over a month ago, they “thought” that was the error but weren’t sure if there was another error. She told me to call back that following Monday and speak to someone in the errors department. That was over a month ago. I try calling every day and check status online every day. Online never changes. And when I call, on the rare chance I get someone, the call disconnects as soon as they pick back up after placing me on hold again to pull up my account. So I have no idea what is going

on. I’ve gotten no letters, no update change, nothing. So I have no idea what is going on with my return. Everyone I know has gotten a resolution or a return date. I just want to know what’s going on. If that’s the only error. If I need to send something or amend. It’s been weeks of not knowing anything. 

[DianeW777]

No.  If your only error is entering or not entering a correct stimulus payment the IRS definitely does NOT want an amendment. See the FAQs in the link below.

•  Do I need to amend for the Recovery Rebate Credit?

This year has brought challenges. The IRS is required to reconcile the tax returns and stimulus payments as well as working on the third stimulus payments due to the American Rescue Plan Act (ARPA).  With the tax season and the changes taking place all at once, a delay should be expected for full payments. They want to be diligent and are required to follow any protocols they have been issued.  They will make any adjustments and additional payments as they complete the process

[hlpeebles]

FINALLY got through to someone at IRS after they disconnected my first call after being on hold for over an hour. She said they will send a letter out dated 04/19 (two weeks from now), and the hold on the return would drop seven days after that. 

[LadyPhoenix17]

HI! I have the same situation as you. Single mom here too. And made a mistake on the first stimulus I've received. Until now my tax return still says " your refund is still being process" I've filled last Feb 12 and accepted by the IRS on Feb 13, and until now no letter or rejection. Let's keep praying and hoping that we'll received our refund too. I'm sad by this too.. :(

[AmyC]

The IRS is cross checking what was claimed against what was issued. The IRS is adjusting refunds to correct any mistakes.

[iamall617]

I checked the IRS website and said my dad received 1400 for 2021 and my mom received 2800. I thought they both received 1400 so I put that they received 2800 instead of $4200... What do I do?

[ThomasM125]

@iamall617 You will have to wait until the tax return is processed to see it the IRS adjusted it to reflect the correct amount of stimulus payment received. If not, then you can amend the return to apply for the additional stimulus payment. You will see an option to amend your return on your Tax Home page in TurboTax, under the Your tax returns and documents section.

[iamall617]

I mean I think I put they received less than what they actually received, so they got an additional 1400 credit. I was looking on the irs website yesterday, and it said not to file an amended return. I'm not sure.

[Critter-3]

@iamall617 

There is nothing you can do but wait for the IRS to process the return ... this is an error that they will automatically correct eventually.   And the advance was $1400 for each person listed on the 2020 return so did they also claim a dependent?