Amended Return

Amended Return

An Amended Return is a tax return that has been corrected or updated after it was originally filed. Taxpayers may file an amended return to report changes or corrections to income, deductions, credits, or other important information that affects their tax obligations.

For example, if a taxpayer discovers that they forgot to include a W-2 form when filing their initial return, they would file an amended return using Form 1040-X (in the U.S.) to rectify this oversight. This amended return allows the taxpayer to ensure accuracy and potentially adjust their tax liability, whether that means paying additional taxes owed or receiving a refund for overpaid taxes.