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rkaye-3
New Member

I amended my tax return now it's saying I owe the total of tax refund amount I received why?

 
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I amended my tax return now it's saying I owe the total of tax refund amount I received why?

When you amend a tax return, it may change the tax calculated based on what changes you made.

For example, if you increased your taxable income (e.g. you forgot to include interest from a bank account), that may increase the tax you owe, thus reducing or eliminating the refund from your original return. 

Another example:  If you overstated your itemized deductions and are amending the return to remove or reduce an itemized deduction, this may also increase your taxable income and thus reduce your refund.

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