I received a revised 1098 from my mortgage company for tax year 2022. It is less than $600. What do I do with this?

Did you itemize deductions on your 2022 tax return?   If not, then you do not have to amend for the revised 1098 unless that amount would somehow be enough to affect your itemized deduction amount to make it exceed your standard deduction.   if so, you can amend 2022 to add the revised 1098.

If you are not sure if you itemized or used standard deduction for 2022 look at line 12 of last year's return.

2022 STANDARD DEDUCTION AMOUNTS

SINGLE $12,950  (65 or older + $1750)

MARRIED FILING SEPARATELY $12,950  (65 or older + $1750)

MARRIED FILING JOINTLY $25,900  (65 or older + $1400 per spouse)

HEAD OF HOUSEHOLD  $19,400  (65 or older +$1750)

Legally Blind + $1750

You may need to amend the return for the additional deduction.  The additional deduction could increase your refund or reduce your balance due if you had one when 2022 was filed.  

In addition to the advice provided by xmasbaby0, you can prepare the amended return using TurboTax free.  You can decide after seeing the results whether to submit the amended returns or not.  Here is how to prepare an Amended Return using TurboTax.

If you want to change or correct some info on your tax return after you've filed it, you may need to amend your return. Here are some things to know before you begin:

• You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment.
• Make sure you really need to amend.
• Wait until your return has been accepted (or mailed if paper-filing).
• Use the same TurboTax account you used to file your original return.
• Once you begin your amendment, you'll see your original return. Only make changes to the areas of your return that need amending. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due.
• Any changes you make to amend your federal return will automatically be transferred over to your state return.

Select your product below and follow the instructions.

TurboTax Online

TurboTax Desktop

Before filing an amended return, make sure the IRS has already processed the tax return you need to amend. That way, it will be less likely that the IRS will get your original return and amended return mixed up. If you've already received your tax refund, then you know the IRS has already processed your return.

For additional information on when to Amend, use this link:  How to file an amended return