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Get your taxes done using TurboTax
Since the original return was already processed by the IRS you can complete a Form 1040X. The finalized form and instructions are expected to be available from the IRS by February 23, 2023. To amend your tax return to add additional interest or dividend income, you'll likely need a copy of Schedule B.
To Amend
- 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
Here's what you need to know about filing an amended tax return
There are times when you should amend your return and times when you shouldn't. Here are some common situations that call for an amendment:
- You realized you missed out on claiming a tax deduction or credit.
- You accidentally claimed the wrong tax filing status.
- You need to add or remove a dependent.
- You forgot to claim taxable income on your tax return.
- You realize you claimed an expense, deduction, or credit that you weren't eligible to claim.
You usually don't need to file an amended return if you discover math or clerical errors on a recently filed tax return. The IRS will often correct those types of mistakes on its own and, if necessary, send you a bill for the additional tax due or a refund if the error was in your favor.
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.
You can check back using this link for updates.
Additional Guidance on Form 1040X is included in the link below:
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