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Level 2
posted Apr 23, 2025 9:32:43 AM

Interest for additional taxes based on 2022 amendment

Based on the amended tax return for 2022, I should've received less federal refund for 2022. How should I pay the difference back to IRS? Is it in the next year (2025) filing or as part of this amendment filing? Will IRS apply any penalty or interest for all 3 years for this additional tax?

0 3 2655
3 Replies
Expert Alumni
Apr 23, 2025 9:36:11 AM

You will make your payment with the amendment. The IRS will add interest back to the due date of the original return. You will likely get a bill in the future for the interest.

Level 2
Apr 23, 2025 9:59:53 AM

Thank you! And in case of overpayment in 2022, would IRS pay interest to me?

Expert Alumni
Apr 23, 2025 10:01:31 AM

Yes, they would! They will also send you a 1099-INT so you can claim that interest as income.