topic Can i amend? i entered wrong amount for the covid relief received in 2020, i cant find how to amend that. returns were accpeted in After you file

Can i amend? i entered wrong amount for the covid relief received in 2020, i cant find how to amend that. returns were accpeted

jparks- — Sat, 27 Mar 2021 22:11:50 GMT

Re: Can i amend? i entered wrong amount for the covid relief received in 2020, i cant find how to amend that. returns were accpeted

DoninGA — Sat, 27 Mar 2021 22:13:50 GMT

The IRS will adjust you tax return accordingly and remove the credit from the federal tax refund. You do not have to amend.

See this IRS website - https://www.irs.gov/newsroom/2020-recovery-rebate-credit-topic-g-correcting-issues-after-the-2020-tax-return-is-filed

Q G2. I made a mistake when calculating the 2020 Recovery Rebate Credit on my return. How do I fix it? (added March 1, 2021)

A2. DO NOT file an amended tax return with the IRS. If you entered an amount on line 30 but made a mistake in calculating the amount, the IRS will calculate the correct amount of the Recovery Rebate Credit, make the correction to your tax return and continue processing your return. If a correction is needed, there may be a slight delay in processing your return and the IRS will send you a notice explaining any change made.

To check the status of your refund from your original return, check Where's My Refund?

Re: Can i amend? i entered wrong amount for the covid relief received in 2020, i cant find how to amend that. returns were accpeted

VolvoGirl — Sat, 27 Mar 2021 22:15:32 GMT

Do not amend for that. Did you have an amount on line 30? If it is wrong the IRS will adjust your return for you.

If you are missing some of the first or second Stimulus payments or qualify for more but nothing got added on line 30 then you do have to amend.

Re: Can i amend? i entered wrong amount for the covid relief received in 2020, i cant find how to amend that. returns were accpeted

jparks- — Tue, 30 Mar 2021 15:55:34 GMT

Thank you!