How to Amend a Tax Return on HR Block?
When it comes to tax season, it’s normal to make mistakes or forget to include certain information on your return. If this happens to you, don’t worry, amending your tax return is a simple process. In this article, we’ll walk you through the steps to amend a tax return on HR Block.
Amending a Tax Return: A Step-by-Step Guide
HR Block offers an online amendment form that can be completed and submitted quickly and easily. To get started, follow these steps:
- Gather necessary documents: Make sure you have all the necessary documents and information ready to include on your amended return. This may include changes to your income, deductions, credits, and any other relevant changes.
- Download and complete the amended return: Visit the HR Block website and sign in to your account. Click on "My Tax Return" and then "File an Amended Return."
- Choose the correct form: You’ll be asked to choose between an amended 1040A or 1040 form. Select the one that applies to your situation.
- Input changes: Use the online amendment form to input any changes to your tax return. Be sure to provide detailed information for each change, including any supporting documentation.
- Review and sign: Once you’ve completed the amended return, review it carefully to ensure everything is accurate. Sign the amended return electronically, and then click "Submit."
Common Reasons for Amending a Tax Return
There are several reasons why you may need to amend your tax return. Some common reasons include:
- Change in income: If your income was incorrect on your original return, you may need to amend your return to reflect the change.
- Deductions and credits: If you forgot to include a deduction or credit on your original return, you may be eligible to claim it on your amended return.
- Error in tax calculations: If the IRS made an error in their tax calculations, you may need to amend your return to reflect the correct amount.
What Not to Do When Amending a Tax Return
When amending your tax return, there are a few things you should avoid:
- Don’t rush: Make sure you take your time when completing your amended return. Rushing can lead to mistakes and errors.
- Don’t forget to sign: Failing to sign your amended return can lead to delays and even rejection.
- Don’t file multiple forms: Only file one amended return, even if you’re changing multiple things.
Amending a Tax Return: A Timeline
It’s important to file your amended tax return as soon as possible to avoid penalties and interest. Here’s a general timeline for amending a tax return:
Timeline | Action |
---|---|
3 months after original return filing | File Form 1040-X, Amended U.S. Individual Income Tax Return |
6 months after original return filing | Start to receive IRS processing response |
12-18 months after original return filing | Start to receive letter from IRS |
Cost of Amending a Tax Return on HR Block
HR Block charges a fee for amending a tax return, which varies depending on the complexity of your return. Here’s a breakdown of HR Block’s amendment fees:
Change | Fee |
---|---|
Form 1040-A | $24.95 |
Form 1040-B | $34.95 |
Forms 1040-A & 1040-B | $49.95 |
Conclusion
Amending a tax return on HR Block is a straightforward process that can be completed quickly and easily. By following the steps outlined above, you can ensure a smooth amendment process and avoid any potential penalties or interest. Remember to gather all necessary documents, download and complete the amended return, choose the correct form, input changes, review and sign, and avoid common mistakes. With HR Block’s online amendment form, you can easily amend your tax return and ensure you’re getting the refund you deserve.