A Reddit user overpaid his taxes by $106 and debated whether to amend his tax return. Amending a tax return is a straightforward process, especially if one has paid too much tax. The IRS allows taxpayers to file an amendment using Form 1040-X either online or by mail within a specified time frame. Those who are owed refunds can opt for direct deposit, although it may take months for the IRS to process the amendment and issue the refund.
Amending a tax return is straightforward, especially when it comes to correcting an overpayment—just file Form 1040-X online or on paper.
Taxpayers should consider amending their returns if they changed income, deductions, or realized an overpayment; the IRS allows up to three amendments.
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