The IRS allows you to round off dollars and TurboTax does not use cents so you can ignore the checks for 20 and 40 cents. Both round to $0.
The IRS says to round off numbers, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $1.39 becomes $1 and $2.50 becomes $3.
As for the $5, it may or may not change your taxes. The IRS tax table is divided into $50 increments so adding $5 will probably not change your taxes unless you are near the line.
- Find your 2019 return.
- On Form 1040, look at line 11b Taxable Income. If you add $5, does the number go past 0 or 50? For example, if taxable income was $10,900, adding $5 would not change the tax because $10,005 is less than $10,050, the next tax line. If taxable income were $10,046, it would change the tax because adding $5 would make taxable income $10,051, which is a new tax line. In that case you should file an amended return.
- You can check the 2019 IRS tax table to see if your interest will change your tax.
If you need to amend your return, you can download our 2019 amend software.
For help amending see How do I amend a 2019 return in TurboTax?
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