The information in this article is up to date for tax year 2024 (returns filed in 2025).
Did you notice a mistake on your taxes after you filed? Depending on your situation, you may have to amend your return. Don’t worry about math errors, the IRS will automatically correct those kinds of mistakes. Filing an amendment is only necessary if you need to correct your income, filing status, credits or deductions.
In some cases, filing an amended return may result in an additional tax liability, which would require an additional tax payment.
What Is an Amended Return?
An amended return is essentially a corrected version of your original tax return. It’s used to make changes or corrections to your individual income tax return. The IRS allows taxpayers to file an amended return to rectify errors or make necessary adjustments to their original return, which can sometimes result in a tax refund or a reduced tax liability.
There are various reasons you might need to file an amended return. These include changes in income, deductions, or credits, or to correct any errors or omissions on the original return. The IRS provides a specific form for this purpose, known as Form 1040-X. When filing an amended return, you must submit it with supporting documentation and explanations for the changes made.
Fortunately, the process has become more convenient over the years. Amended returns can now be filed electronically or by paper, and the IRS offers comprehensive guidance and resources on its website to help taxpayers navigate the process. Whether you choose to e-file or go the traditional paper route, ensuring accuracy and completeness is key.
Reasons to File an Amended Tax Return
There are several scenarios where you might need to file an amended tax return. If you need to correct errors or add new information to your original return, an amended return is the way to go. For instance, if you received an incorrect W-2 or 1099 form, you would need to file an amended return to correct the error.
Additionally, if you forgot to claim a deduction or credit on your original return, you can file an amended return to claim it. This is also true if you need to report additional income or make changes to your tax liability. Filing an amended return ensures that your tax return accurately reflects your financial situation.
Moreover, if you’re eligible for a tax refund, filing an amendment can help you receive the refund you’re owed. It’s important to address these issues promptly to avoid any complications with the IRS.
What Form Do I Need to File an Amended Return?
To correct the original Form 1040, 1040-SR, or 1040-NR you filed, use Form 1040X, Amended U.S. Individual Income Tax Return. Once upon a time, you could only amend your return by paper filing. Imagine what a nightmare that must have been. Fortunately, things are a lot easier these days. You can now use tax software to electronically file Form 1040-X directly to the IRS. If you did your taxes with ezTaxReturn, we can help you prepare and e-file your amended tax return. Just log in to your account and use the “Amend my 2024 return” link on your myAccount page. E-filing can significantly reduce the processing time compared to mailing a paper return, which can take longer than eight weeks.
How Long Do I Have to Amend My Taxes?
To claim a refund, you must file Form 1040X within three years of your original filing date or two years after the date you paid the tax, whichever is later. Filing beyond this period will make you ineligible for a refund.
State Tax Return Amendments
When you amend your federal return, it may affect your state tax liability, necessitating an amended state tax return. Each state has its own process and forms for handling state tax return amendments, so it’s crucial to contact your state tax agency for specific instructions.
Remember, you should not attach your state tax return to your amended federal return. Instead, file it separately with your state tax agency. Changes to your federal return can impact your state tax returns, so it’s essential to follow the correct procedures and use the appropriate forms as guided by your state tax agency.
If you need to file an amended state tax return, ensure you understand the specific requirements and procedures for your state. This will help you avoid any potential issues and ensure your state tax return is accurate.
Can I Send Multiple Years Together?
If you need to correct multiple returns, you need to prepare a separate 1040X for each year. Be sure to note the tax year on the top of each form and mail them in individual envelopes. It is important to have a copy of the return as it was originally filed to ensure accurate amendments. The mailing address varies depending on your filing state so check the form instructions to determine where to mail your return.
Should I Wait Until I Get My Refund to File an Amended Return?
If you’re due a refund from your original return, wait until you get your money before filing an amendment. Once you receive your tax refund, feel free to spend it how you see fit while you wait on your additional funds. Taxpayers can choose to receive their refunds through direct deposit, which can be faster and more convenient.
How Long Does It Take To Be Processed?
Normally, amended returns take up to 16 weeks to be processed. However, due to the IRS backlog, it is now taking them more than 20 weeks. If you’re going to owe more money, you need to file your 1040X and make the additional tax payment as soon as possible to minimize your interest and penalties.
How Do I Check the Amended Return Status?
Three weeks after mailing your return, you check the status by using the “Where’s My Amended Return?” tool on the IRS website. You will need to provide your Social Security Number, birthday and zip code.
Best Practices
To successfully amend your return, it’s important to keep accurate records of your original return and any supporting documentation. Using tax software like ezTaxReturn can also help ensure you’re filing the correct forms and following the proper procedures.
Make sure to include all required supporting documentation and explanations for the changes made on your amended return. Filing electronically, if possible, can reduce processing time and minimize errors.
Lastly, regularly check the status of your amended return using the IRS’ “Where’s My Amended Return?” tool or by contacting the IRS directly. This will help you stay informed about the progress and address any issues promptly.
The articles and content published on this blog are provided for informational purposes only. The information presented is not intended to be, and should not be taken as, legal, financial, or professional advice. Readers are advised to seek appropriate professional guidance and conduct their own due diligence before making any decisions based on the information provided.
