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Effects of Delay in Amended Return on Next Year's Filing
I just realized I missed some deductions in my 2023 return, enough to consider filing an amended return for both Federal and State. But I read where the IRS processing time for amended returns is now quite long. IRS site says up to 16 weeks but I've read about months more. No idea about my State's processing time.
If I file my 2024 return by April 15, 2025, but before the 2023 amendment is processed and complete, does that mean I would then need to file an amended return for 2024 because of the additional refund I received with the 2023 amendment? I really don't want to ask for an extension in 2025 to wait for the 2023 amended return to finish processing. Could end up in an endless loop of amended returns?
‎December 5, 2024
12:29 PM