If you made a mistake on your tax return, you may want to amend your tax return to fix the problem. Here are a few tips about amending your tax return:
- Use Form 1040-X to amend your federal tax return.
- Do not amend your tax return if you simply made a math error. The IRS automatically corrects your math mistakes. As an added benefit, they will not make you show your math work.
- Do not amend your return if you made a mistake on your healthcare tax premium form. The IRS will most likely catch your mistake and send you a letter regarding your healthcare.
- If your amendment will result in a refund to you, you must amend the return within three (3) years of its due date. Otherwise, it is too late and you can kiss that refund goodbye.
- You must send in a separate Form 1040-X for each year that you amend.
- You can track your amended return by using the IRS’ service Where’s My Amended Return.