If you have 2019 tax credits you overlooked, you can file an amended return electronically

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The IRS said it would start taking 2019 amended returns this summer. Tax prep companies are starting to add this capability, with H&R Block making it available to its tax pros on Aug. 17.

Amended returns are normally prepared by hand and delivered by mail. You might file one if you missed some income in a prior year, or if you were eligible for certain tax credits but didn’t claim them.

The IRS has said it would start receiving e-filed amended returns for the 2019 tax year this summer. The agency receives about 3 million filings of Form 1040-X each year. Tax professionals at H&R Block will begin accepting these electronic returns on Aug. 17. Other tax preparation companies and software providers are adding the necessary forms.If you missed a couple of tax credits when you rushed your 2019 tax return out the door in July, you might soon be able to amend it without leaving your living room.

While most taxpayers submit tax returns electronically, amended income tax returns — updates to your Form 1040 — are only processed on paper. You or your tax professional would then send the return to the IRS via certified mail. The taxman said it would now begin accepting e-filed amended returns for the 2019 tax year this summer, and tax prep providers and software companies are just now adding the necessary forms.More from Your Money, Your Future:

 

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