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February 16, 2023
Question

Should I bother amending my Federal return if removing the 1099-MISC California Middle Class Tax Refund (no longer considered income) doesn't change my refund for 2022?

  • February 16, 2023
  • 1 reply
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I filed my taxes before the IRS came out saying they would no longer tax the California Middle Class Tax Refund that we received a 1099-MISC for. I claimed that $1050 as income. I went back in Turbo Tax to amend it and at the end it didn't show ANY difference in my current refund for 2022. Should I even bother amending it then?

1 reply

February 16, 2023

You don't need to amend your return if there is no effect on your tax liability for Federal or State.

 

If you review your Federal return, you may find that the MCTR was already backed out of Federal income.

 

Before you can file an amended return, the original return will need to have been processed by the IRS (refund issued / payment processed). Also, Form 1040-X for filing an amendment won't be available in TurboTax until February 23, 2023. See here for more information on forms availability.

 

See here for more information on preparing an amended return with TurboTax.

 

There are times when you should amend your return and times when you shouldn't. Here are some common situations that call for an amendment:

 

  • You realized you missed out on claiming a tax deduction or credit.
  • You accidentally claimed the wrong tax filing status.
  • You need to add or remove a dependent.
  • You forgot to claim taxable income on your tax return.
  • You realize you claimed an expense, deduction, or credit that you weren't eligible to claim.

 

 

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