Why and how to file an amended income tax return

File your return with the IRS each tax season and wait for your money if you're expecting a refund. However, if you forget to add something to your tax return or change your filing status, we recommend filing an amended income tax return to notify the IRS of the changes.

This story is part of 2024 taxesCNET covers the best tax software, tax tips, and everything else you need to file your return and track your refund.

The IRS said it may correct certain errors on returns and may accept returns if you forget to fill out certain required forms or schedules. However, if there is a change in your filing status, income, deductions, deductions, or tax liability, you must file an amended return.

Here's what you need to know when filing an amended tax return. For more information this tax season, check out the best tax software for 2024, a cheat sheet for filing your taxes this year, and everything you need to know about the 2024 child tax credit.

Amended tax return: What is an amended tax return and when do you need to file it?

The amended tax form (officially Form 1040-X, Amended U.S. Individual Income Tax Return) is used to amend a tax form 1040, 1040-A, 1040-EZ, 1040-NR or 1040-NR EZ. To correct errors on your return, file an amended return.

For example, you may need to file an amended form if there is a change in your filing status, income, deductions, deductions, or tax liability.

If you owe additional IRS taxes and your return is not due, you can avoid paying IRS penalties and interest by filing Form 1040-X and paying the additional amount. For example, you may have forgotten to file a tax return. If you claim income (such as a Form W-2 or 1099) or receive an amended information statement that shows different amounts of income or withholding.

When do I need to file an amended tax form?

According to the IRS, generally to apply for a refund, file Form 1040-X within three years from the date you filed your first return or two years from the date you paid the tax, whichever is later. There is a need to. However, there are special rules for refund claims related to net operating losses, foreign tax credits, bad debts, and other issues.

How do I submit amended tax forms, if necessary?

You can file Form 1040-X electronically using most tax software options on the market. Alternatively, you can submit a paper version. See the complete list of instructions from the IRS here. Also, keep in mind that if you change your federal tax return, you may need to change your state return as well.

Is it free to submit an amended tax form?

it depends. Some tax preparation software lets you amend your return for free, while others charge a fee. Be sure to read the fine print before you begin. If you use IRS forms, all you have to pay is printing the form and postage.

How does the IRS process amended returns?

You can track the status of your Form 1040-X for the current year and up to three years ago by using IRS online tools or by calling IRS 866-464-2050 (although the IRS advises against calling doing). To track this, you will need to enter your social security number, date of birth, and zip code. However, please note that it can take up to 3 weeks after you send an email for it to appear on our system and can take up to 16 weeks to process.

For more tax tips, learn how to find out when your 2024 tax refund is due and the fastest way to get your 2024 tax refund.

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