A Guide to Form 1040X: How to Correct Your Tax Return

💡Form 1040X is used to amend a previously filed tax return and correct errors or omissions.

📝You need to enter the original amounts from the original tax return and make necessary adjustments.

💰Form 1040X allows you to claim additional deductions, exemptions, or credits that you didn't include in your original return.

📜You can use the tax table or the computer software to calculate the correct tax amount.

💸If you are entitled to a refund, the IRS will issue a check or direct deposit the amount to your bank account.

When should I use Form 1040X?

—You should use Form 1040X to correct errors or omissions on your original tax return.

How do I fill out Form 1040X?

—You need to enter the original amounts, make the necessary adjustments, and provide an explanation of the changes.

Can I claim additional deductions on Form 1040X?

—Yes, you can claim additional deductions, exemptions, or credits that you didn't include in your original return.

How do I calculate the correct tax amount?

—You can use the tax table or computer software to calculate the correct tax amount for the amended return.

What happens if I am entitled to a refund?

—If you are entitled to a refund, the IRS will issue a check or direct deposit the amount to your bank account.

00:00Form 1040X is used to amend a previously filed tax return and correct errors or omissions.

03:05You need to enter the original amounts from the original tax return and make necessary adjustments.

04:30Form 1040X allows you to claim additional deductions, exemptions, or credits that you didn't include in your original return.

04:55You can use the tax table or the computer software to calculate the correct tax amount for the amended return.

05:37If you are entitled to a refund, the IRS will issue a check or direct deposit the amount to your bank account.