I think I accidentally filed as independent this year (2020). I do not qualify as an independent, and intended to file as a dependent. I received the stimulus money in my bank account this morning, and I think I was not supposed to, given I'm supposed to be a dependent. I called Turbotax support but haven't received a call back from them yet. What should be my next steps? Thanks.
You'll need to sign in or create an account to connect with an expert.
1. Yes, you will need to file amended 2020 tax returns because the standard deduction amount will change if you are claimed as a dependent on someone else's return.
Form 1040-X will not be available for another few weeks. Once it is available, you will be able to e-file the amended return. Check this link for the most recent updates for IRS forms availability.
Your state may have to be paper filed unless you live in Georgia, Michigan, New York, or Vermont that accept amended returns electronically.
To Amend(change) your 2020 TurboTax Online return, follow these steps:
Only after the amended return is started, navigate to My Info and adjust the answer from no to yes at 3. A few other things we need to know, the first question: Someone else can claim me as a dependent on their tax return.
2. To return the stimulus money, follow these steps per the IRS:
See this link under Question 1 for which address to use to send the repayment: Economic Impact Payment Information Center — Topic I: Returning the Economic Impact Payment | Intern...
1. Yes, you will need to file amended 2020 tax returns because the standard deduction amount will change if you are claimed as a dependent on someone else's return.
Form 1040-X will not be available for another few weeks. Once it is available, you will be able to e-file the amended return. Check this link for the most recent updates for IRS forms availability.
Your state may have to be paper filed unless you live in Georgia, Michigan, New York, or Vermont that accept amended returns electronically.
To Amend(change) your 2020 TurboTax Online return, follow these steps:
Only after the amended return is started, navigate to My Info and adjust the answer from no to yes at 3. A few other things we need to know, the first question: Someone else can claim me as a dependent on their tax return.
2. To return the stimulus money, follow these steps per the IRS:
See this link under Question 1 for which address to use to send the repayment: Economic Impact Payment Information Center — Topic I: Returning the Economic Impact Payment | Intern...
Very helpful, thank you! Can I return the money now, or wait until the return is amended?
When you prepare the amended return, it will calculate the amount that needs to be paid. Pay when you file the amended return. TurboTax allows you to amend Free. You can start preparing the amended return now to see how much you owe. Do not attempt to e-file yet.
Amend using these instructions:
Three weeks after mailing your amended return, you can start tracking it at the IRS Where's My Amended Return? tracking tool. Please allow at least 16 weeks for the IRS to process your amended return.
Processing times for amended state returns vary from state to state. If it's been more than 12 weeks since you mailed your amended state return, and you haven't heard anything, we suggest you contact your state tax agency.
Thank you!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
xT_Tx
New Member
sugarland109
New Member
williamg731
New Member
uckoff
Returning Member
sharronlewis0418
New Member