Retirement tax questions


@Caseyblue wrote:

What if I have already filed  & received refund?

Can I still file form 4868 re. Cares Act repayment?


A 4868 is an extension to file that you do not need since you already filed.

 

You do not have until the filing deadline to repay the 2020 1/3 if you chose to pay over 3 years (it is calendar years).   Any repayment made in 2021 counts toward the 2021 1/3 of the tax.     The option to spread it over 3 years must be made on your 2020 tax return with a 8915-E form.

 

If you did not do that any you want to pay 1/3 in 2020 and spread the other 2/3's over 2021 and 2022 you can submit an amended 2020 return.

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**