Question

Amended Return and Money Owed

Forum|Forum|4 years ago
March 13, 2022
1 reply
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I filed my 2021 federal return last month and owed about $500 which I paid and my return was accepted. I received a new tax document and need to amend. I now have a tax liability of $75. Do I need to pay the $75 and then be refunded the original paid? Or do I not have to pay since I am already paid more than my current tax liability, and it will just be deducted from the amount the IRS will send back to me?

Z

ZoltanB45

Depends on the tax document, but generally the amended return is set up assuming that payment was made or refund was received. The $75 is an additional liability on top of the already paid amount.