- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
Unfortunately, there is not an exact dollar amount for what is too low of an error that you will need to correct. However, as Cynthiad66 stated, for an amount as low as $12, the IRS will likely not pursue an audit because it would cost them more to pursue the audit than it would cost to dismiss the change.
You can still file an amended return for the 2020 return electronically. Any return older than 2020 can be amended, but it needs to be filed by mail.
To amend your return in TurboTax Online, follow these steps:
- Sign in to TurboTax
- On the home screen, scroll down to Your tax returns & documents and select the year you want to amend
- Select Amend (change) return, then Amend using TurboTax Online
- If you're told to amend your return via TurboTax Desktop, follow the steps for TurboTax CD/Download below instead
- On the screen OK, let's get a kickstart on your amended return, select the reason(s) you're amending and Continue
- When you reach Here's the info for your amended federal return, select Start next to the info you need to change
- Continue through the screens, make the changes you need to make, and carefully answer the remaining questions to finish amending your return
For more information on amending returns, see the link below:
How do I amend my federal tax return?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 20, 2023
8:27 AM