DawnC
Employee Tax Expert

Business & farm

What kind of revision?    Amending your return means filing a new form, 1040X. This is only required in certain situations.  In other situations, you can change your original return and you should not file a new form. Don't amend if:

  • You received a government notice that doesn't specifically tell you to amend (e.g. math error corrections, request for additional forms, etc.). Just follow the instructions in the notification.
  • You entered the wrong bank account to get your refund.
  • You received Forms 1095-B or 1095-C and the info matches what you reported on your return.

On the other hand, you will need to amend if you already mailed your return (or the government accepted your e-file) and:

  • Your 2017 return was affected by the deductions or credits that were extended per The Bipartisan Budget Act of 2018.
  • You need to report a tax form you forgot about or received post-filing (most commonly a W-2, 1099, or 1095-A).
  • You received a corrected tax form after filing (the "corrected" box is checked) and the new info changes your refund or tax due amount.
  • You forgot to report income or claim dependents, deductions, or credits.
  • You accidentally claimed dependents, deductions, or credits you're not eligible for.
  • You made an error that affects your bottom line, such as reporting income or deductions in 2020 that should've been claimed in a prior tax year (in that case, you'll need to amend all affected tax years).
  • You need to change your filing status (for example, you want to change from Single to Head of Household).
  • We instructed you to amend because of a program error (uncommon).

If you are inquiring about revising your return because of the recovery rebate, you may be able to intercept your return if done today.   These link are for the recovery rebate credit only.  Choose your situation below:

 

I didn't claim the Recovery Rebate Credit, but I should have. How do I review and update my 2020 tax...

 

I've already claimed the Recovery Rebate Credit, but I should not have. How can I review and update ...

 

 

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