The amend function will be available after March 25.
Do not rush to amend - no hurry. You have 3 years to amend and amended returns are taking 6 months or longer to be processed so waiting a few weeks will make little difference and amending too soon might just compound the problem.
To amend your 2020 tax return:
-- First, *wait* to see if your return has been accepted or rejected by the IRS or state. DO NOT do anything until you receive the accept or reject e-mail.
-- If rejected, you can correct and re-send your return.
-- If accepted you should *wait* until your return has been processed and you receive your refund or conformation that any tax due has been paid. (If you file an amended return while you first return is being processed it can cause extended delays for both returns if two returns are in the system at the same time). In addition, if the IRS makes any change on your original return, you might end up having to amend the amendment – a sticky process that can take a year or more).
-- Then you can start the amend process.
It is suggested that it be mailed certified with return receipt (or other tracking service) to verify that the IRS receives it. That is the only proof of mailing that the IRS will accept.
-- Amended returns can be mailed or e-filed - allow 8-12 weeks - can take up to 16 weeks (4 months) for processing.
See this TurboTax FAQ for help with amending:
https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed
You can check the status of your amended return here but allow 3 weeks after filing for it to show up:
https://www.irs.gov/filing/wheres-my-amended-return
Do you have to do a 1040x if you need to do a state amended return?
@Chief_b wrote:
Do you have to do a 1040x if you need to do a state amended return?
Not unless what you changed also changed the Federal return.
Thanks. Made a mistake on type of retirement I get on the federal form. Does not effect the amount I can back on my federal taxes. But effects big time in my state return
In that case you will not need to submit a Federal 1040X. You will enter the amend option in the state interview and then you will enter the correct information in the Federal Interview to trigger the correction on the state return.
You will need to print, sign and mail in the amendment.
Remember as @macuser_22 mentions the amend functions are projected to be available after 25 Mar.