Did You Make a Mistake on Your Taxes? Here’s What to Do

Making a mistake on your tax return happens more than you think. The good news? There’s an easy fix called an amended tax return — and it could actually put more money back in your pocket.

What Is an Amended Tax Return?

An amended tax return is simply a way to correct your original tax filing. Think of it like an eraser for your taxes. If you forgot to include something or made an error, you can go back and fix it without getting in trouble with the IRS.

When Should You File One?

You might need to file an amended return if you:

• Forgot to claim a deduction or tax credit
• Reported the wrong income amount
• Changed your filing status after getting married or divorced
• Found out about a new tax law that benefits you

Will You Owe Money or Get More Back?

It depends on the mistake. Some corrections mean you get a bigger refund. Others might mean you owe a little more. Either way, fixing the mistake quickly is always the smart move.

How Long Do You Have?

You generally have three years from your original filing date to file an amended return and claim a refund. Don’t wait too long!

Let Us Help

At The 50 States Tax Services, Paul Klohoun handles amended returns quickly and accurately. Not sure if you need one? Contact us today for a consultation.