DianeW777
Expert Alumni

After you file

Yes, you must amend your 2021 tax return to include the additional W-2 income.  WAIT until your return has been fully processed before filing an amended return.  

 

The Form 1040-X is scheduled to be release on February 24, 2022 at which time you can amend your return.  Do not make any changes to the current return now and be sure to follow all the instructions before you begin your amendment.  As long as it is filed before April 18, 2022, there will not be any fines or penalties if you should happen to have an underpayment. Then again, you may have an additional refund, depending on your circumstances and income.

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