Yes, you can make a change to a tax return you’ve already filed by filing an amended return using Form 1040-X, Amended U.S. Individual Income Tax Return. Here are the steps and important details to consider:
- When to File Form 1040-X:
- You should file Form 1040-X if you need to correct your filing status, income, deductions, or credits.
- Generally, for a credit or refund, you must file Form 1040-X within 3 years after the date you filed your original return or within 2 years after the date you paid the tax, whichever is later.
- Completing Form 1040-X:
- Enter your income, deductions, and credits as originally reported or as previously adjusted by the IRS.
- Enter the changes you are making and the corrected amounts.
- Attach any forms or schedules that are being changed or were not included with your original return.
- Filing the Amended Return:
- File a separate Form 1040-X for each tax year you are amending.
- If you are filing Form 1040-X in response to a notice from the IRS, mail it to the address shown on the notice.
- Allow the IRS up to 16 weeks to process the amended return.
- Interest and Penalties:
- If you owe additional tax, pay it as soon as possible to minimize interest and penalties.
- If you are due a refund, interest may be paid on the refund from the due date of the original return or the date the original return was filed, whichever is later, to the date the amended return is filed.
- Special Situations:
- If you are amending a return due to a federally declared disaster, you may have additional time to file.
- For certain claims, such as bad debt or worthless security, different time limits apply.
- Electronic Filing:
- You can file Form 1040-X electronically to amend 2019 or later Forms 1040 and 1040-SR.
By following these steps and guidelines, you can correct any errors or omissions on your previously filed tax return.
Sources:
Instructions for Form 1040-X (01/2023)
Publication 17 (2023)
Publication 1380
Publication 17-SP (2023)
Publication 1518 (11/2012)
