No, don't amend your income tax return, if you made an error. The IRS will calculate the correct amount of the 2020 Recovery Rebate Credit, make the correction to your tax return and continue processing your return. If a correction is needed, there may be a slight delay in processing your return and the IRS will send you a notice explaining any change made.
You only file Form 14039, if your identity was stolen. If you are a victim of identity theft, you may mail the form 14039 to the IRS.
If a filer's bank information is invalid, or the account has been closed, the bank will return the payment to the IRS and a check will be mailed to the taxpayer's address on file Paper checks and prepaid debit cards are being sent in another round.
You may also contact Taxpayer Advocate.
