@LinaJ2020 wrote:
You do not need to amend your return. You can return to TurboTax program and make adjustment. To see instructions, click here: Recover Rebate Credit update
Lina, the containment article has been rewritten to indicate that the last day to be able to recall your tax return was February 6.
@Anonymous we don't know what happens next. The IRS has legal authority to correct recovery rebate errors as math mistakes, meaning they don't have to contact you to fix it. However, there are still 3 possibilities.
1. The IRS automatically adjusts your refund amount. This may delay your refund, however, since it will kick your return out of the fast track.
2. The IRS might reject your return when they open for e-filing. This might be best because then you can correct the return before re-transmitting it.
3. The IRS might pay the entire refund you claimed, including the excess rebate, and then bill you for the return of the excess rebate later.
I personally think #1 is most likely, but we won't know until the IRS actually starts tackling this problem and we get some experience in how they handle it.
