What do I do if I left out bank interest income on my latest return?

[mailmanharv]

Just filed yesterday?

[DianeW777]

Here is what to do, wait for the IRS to accept or reject your return.  If the IRS has accepted your return as filed then you must amend your tax return once the IRS has had a chance to process it.  

If your return is pending because the IRS has not yet begun accepting returns, you must wait to see if it is accepted or rejected.  If the return is rejected, this means it has not been filed, in which case you can update or change it before you resend it to the IRS.

You will be able to access and file an amended return on February 23rd (Form 1040-X).  

Be sure to read all the instructions carefully, before you begin, so that TurboTax knows the original numbers and the changed numbers for your amendment.

• How to amend (change or correct) a return already filed?
• What is the deadline for filing an amended return?
• How to file an amended return with the IRS

[DoninGA]

How much interest did you leave off the return?  Depending on the amount you may not have to amend the return.

You will have to wait for the IRS to either Accept or Reject your filed federal tax return.
If the return is rejected you can make the necessary changes and e-file again.
If the return is accepted you will have to amend your original tax return. An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 20 weeks or longer to process an amended tax return.

Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.

See this TurboTax support FAQ for amending a tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-a...

[mailmanharv]

It was only around $25 that I forgot to report 

[DoninGA]

That amount may increase your tax liability and change the amount of refund or increase the amount of taxes owed by a few dollars.  You should amend the return if the IRS accepts your e-filed 2023 tax return.

[mailmanharv]

Thanks for your reply