Taxpayers who have filed their tax returns and are expecting a refund may wonder when they will receive their money. The IRS usually processes refunds within 21 days of receiving the tax return. However, the processing time may take longer if a taxpayer has filed an amended return.

A person searching through a stack of papers and folders, looking frustrated and stressed and wondering where's my amended refund

The IRS provides a tool called “Where’s My Amended Refund?” that taxpayers can use to check the status of their amended returns. This tool can also track the status of their amended return for the current tax year or up to three prior years. The IRS usually takes up to 20 weeks to process an amended return.

Taxpayers eligible for tax credits may also wonder when they will receive their refunds. Tax credits, such as the earned income tax credit and the child tax credit, can result in a refund even if the taxpayer did not owe any taxes. The IRS processes tax credits differently than regular refunds, and it may take longer to receive the refund. Taxpayers can use the “Where’s My Refund?” tool to check the status of their refund and see if any credits are included.

Understanding Amended Tax Returns

What Is an Amended Return?

An amended tax return is filed with the IRS to correct errors or change a previously filed tax return. The form used for filing an amended return is Form 1040X. Taxpayers may need to file an amended tax return if they realize they made mistakes, such as failing to claim deductions or credits, after filing their original tax return.

FFCRA SETC Tax Credit

Reasons for Amending a Return

There are several reasons why a taxpayer may need to file an amended tax return. Some common reasons include:

The Amending Process

To file an amended tax return, taxpayers must complete Form 1040X. The form requires taxpayers to provide information about their original tax return, the changes they are making, and the reasons for the changes. Taxpayers must also attach any necessary documents to support their changes.

Taxpayers can file an amended return either by paper or electronically. Beginning with the 2019 tax year, the IRS allows taxpayers to e-file amended tax returns if they filed the original return electronically, provided that their tax software supplier supports filing amended returns electronically.

After filing an amended return, taxpayers can check the status of their return using the IRS’s online service, Where’s My Amended Return. The review process for amended returns can take up to 20 weeks. The IRS will contact the taxpayer if the amended return is incomplete or requires further information.

It is important to note that not all taxpayers are eligible to file an amended return. For example, taxpayers who need to make carryback applications, are in bankruptcy or are victims of fraud or identity theft may not be able to file an amended return. Additionally, taxpayers filing an amended return to claim the injured spouse allocation must file Form 8379, Injured Spouse Allocation, rather than Form 1040X.

Tracking Your Amended Refund and Tax Credits

A computer screen displays a website with the title "Tracking Your Amended Refund and Tax Credits" and a progress bar indicating the status of the refund

If you have filed an amended tax return and are waiting for a refund, you can track its status using the IRS’s “Where’s My Amended Return?” tool. This tool allows you to check the status of your amended return for the current tax year or up to three prior years.

Using “Where’s My Amended Return?”

To use the “Where’s My Amended Refund?” tool, you must provide your Social Security number or Individual Taxpayer Identification Number, date of birth, and zip code. Once you have entered this information, the tool will show you the status of your amended return.

It is important to note that the IRS can take up to 20 weeks to process your amended return. You should wait at least three weeks after filing your amended return before checking its status using the tool.

Understanding Refund Timelines

The timeline for receiving your amended refund can vary depending on several factors, including the tax year, how you filed your original return (electronically or by paper), and whether you chose to receive your refund by direct deposit or paper check.

In general, you can expect to receive your refund within three weeks if you filed your original return electronically and chose to receive your refund by direct deposit. If you filed your original return by paper or chose to receive your refund by paper check, it can take up to eight weeks to receive your refund.

Issues Affecting Refund Delays

A number of issues can delay your receipt of your amended refund, including missing or incomplete information on your amended return, balances owed on other tax accounts, and penalties or interest on past-due taxes.

If you are experiencing a delay in receiving your amended refund, you can contact the IRS’s Taxpayer Advocate Service for assistance. They can help you resolve issues that may be causing the delay and ensure that your refund is processed as quickly as possible.

In addition to tracking your amended refund using the “Where’s My Amended Return?” tool, you can also track your original refund status using the “Where’s My Refund?” tool. This tool allows you to check the status of your refund for the current tax year and provides information on when you can expect to receive your refund if it has been approved.

If you are eligible for tax credits such as the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC), it is important to note that refunds including these credits may be delayed until mid-February to allow the IRS additional time to review returns and prevent fraud.

Tracking the status of your amended refund and tax credits can help you stay informed and ensure you receive your refund as quickly as possible.

Be sure to meet all deadlines for your amended tax return. If not done properly, this could cause substantial delays or the possibility of the amended return not being accepted.

Where is my amended ERTC tax credit?

A person looks through a stack of papers, searching for their amended ERTC tax credit and refund. Various tax documents are scattered on a desk

If you are a business or tax-exempt organization that has employees and was affected during the COVID-19 pandemic, you may be eligible for the Employee Retention Credit (ERC). The ERC is a refundable tax credit that can be claimed on your federal employment tax returns.

If you have already claimed the ERC and need to amend your income tax return for the same tax period, you must reduce your deduction for wages by the amount of the credit. This means you will need to amend your Form 941, Employer’s Quarterly Federal Tax Return, or other applicable employment tax return, as well as your income tax return (e.g. Forms 1040, 1065, 1120, etc.) to reflect the reduced deduction.

To check the status of your amended return, you can use the “Where’s My Amended Return?” tool on the IRS website. This tool will show the status of your amended return for the current tax year or up to three prior years. You will need your Social Security number, date of birth, and zip code to use the tool.

It is important to note that processing your amended return can take up to 20 weeks. You can contact the IRS for more information if you have not received your refund within this timeframe.

Overall, if you have claimed the ERC and need to amend your income tax return, it is important to reduce your deduction for wages by the amount of the credit and use the “Where’s My Amended Return?” tool to check the status of your amended return.

Where is my amended SETC Tax Credit

A person anxiously searches through a stack of papers and folders, frantically looking for their amended SETC tax credit and refund

The SETC tax credit is a refundable tax credit introduced as part of the American Rescue Plan Act of 2021. It is designed to help eligible employers provide paid sick and family leave to employees affected by COVID-19. Employers can claim the credit on their federal tax return, and it will offset the cost of providing the leave.

If an employer has already filed their tax return and needs to amend it to claim the SETC tax credit, they can use the IRS’s “Where’s My Amended Return” tool to track the status of their amended return. The tool will show the status of the amended return for the current tax year or up to three prior years.

To use the “Where’s My Amended Return” tool, the employer must provide their Social Security number, date of birth, and zip code. The tool will then show the amended return’s status, including whether it has been received, processed, or completed.

It’s important to note that the IRS can take up to 20 weeks to process an amended return. If an employer has not received their refund or heard back from the IRS after 20 weeks, they should contact the IRS for assistance.

Overall, the “Where’s My Amended Return” tool is a helpful resource for employers who need to track the status of their amended return and claim the SETC tax credit.

FFCRA SETC Tax Credit

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Where’s My Amended Refund FAQs

A stack of envelopes labeled "Amended Refund and Tax Credits FAQs" sits on a desk, surrounded by scattered paperwork and a computer screen displaying a customer service website

How can I check the status of my amended tax return?

To check the status of your amended tax return, you can use the IRS’s “Where’s My Amended Return?” tool, which is available on the IRS website and allows you to track its status. You can also call the IRS directly at 1-866-464-2050, but expect long wait times, especially during tax season.

What could be causing delays in the processing of my amended tax return?

Several factors could cause delays in the processing of your amended tax return. One of the most common is incomplete or incorrect information on the return. Other factors that could cause delays include missing supporting documentation, errors on the original return, or issues with the IRS’s processing system.

How long does it typically take to receive a refund after an amended return is processed?

It typically takes up to 16 weeks for the IRS to process an amended tax return and issue a refund. However, this timeframe can vary depending on several factors, including the complexity of your return, the volume of returns being processed, and whether you are receiving a paper check or direct deposit.

What should I do if my amended tax return is marked as completed but I haven’t received my check?

If your amended tax return is marked as completed but you haven’t received your refund check, you should first check the “Where’s My Amended Return?” tool to ensure that your refund has been issued. If the tool indicates that your refund has been issued, but you still haven’t received it, you should contact the IRS directly to inquire about the status of your refund.

Are refunds from amended tax returns directly deposited or mailed?

Refunds from amended tax returns can be issued by direct deposit or mail. If you receive your refund by direct deposit, you must provide your bank account information on the amended return. If you receive your refund by mail, it will be sent to the address listed on your amended return.

How will I be notified once my amended tax return is accepted?

Once your amended tax return is accepted, the IRS will send you a notice of assessment. This notice will include information about any changes to your return and any resulting tax liability or refund. If you receive a refund, the notice will also include information about when and how your refund will be issued.

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