Yes,. If you did not claim the Overtime deduction and you qualify for the deduction, then you can A... to claim it. The amended forms are not quite ready yet, but you can use this tool to see when they become available. Since this is an above the line deduction, depending on your tax situation, you may or may not see a difference in your refund. If you do not, then you would not need to amend the return. You can then go to the delete a form section and delete the 1040X.
To qualify the following must apply:
- You must be a non-exempt employee eligible for Overtime under the federal Fair Labor Standards Act
- The Overtime must be on hours worked OVER 40 hours. (if you live in a state where OT pay is required after 8 hours, this does not apply)
- Only the premium or .5 over your hourly rate is deductible.
- Overtime must be paid at more than your regular hourly rate.
- Your filing status cannot be Married Filing Separately
- Your income must be less than $150,000 if you are single or $300,000 if Married Filing Jointly.
A few notes amount amending
- You will have to use the same TurboTax account that you used for the original tax return.
- The refund calculator will start new at $0. The new number you see will be the number you now owe or the extra you will get back. This number takes into consideration the amount of your refund or payment in the original return.
Select your product below and follow the instructions.
Amend TurboTax Online
Amend TurboTax CD/Download
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