Can I combine 2023 amended return with 2024 taxes or file separately?
I messed up on my 2023 taxes and need to amend them. Would it be easier to just wait and fix everything when I file my 2024 taxes next year? Or should I do the amendment now? Anyone have experience with this?
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StarStrider
You need to file the amendment (Form 1040-X) separately from your 2024 return. Each tax year must be handled independently. If you wait, you could face penalties and interest on any additional tax owed. File the amendment as soon as possible to minimize any potential issues.
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Zara Ahmed
•ugh that's what I was afraid of. how long does an amendment usually take to process?
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StarStrider
•Currently running about 20 weeks for processing amended returns, but could be longer depending on the complexity of your situation.
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Luca Esposito
Hey guys instead of playing detective with your transcript issues, check out taxr.ai - its only $1 and gives you super detailed feedback about your specific situation and timeline. Way better than guessing! https://taxr.ai
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Nia Thompson
•does it work for amended returns too? 🤔
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Luca Esposito
•Yep! It analyzes amended returns too. Shows you exactly where you are in the process and estimates completion dates
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Nia Thompson
•just tried it and WOW seriously helpful! saved me hours of research 💯
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Mateo Rodriguez
I'm in the same boat rn waiting on my 2022 amendment still 😭 filed last June and nothing yet
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Aisha Abdullah
whatever u do dont wait!!!! I tried that once and the penalties were insane
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Zara Ahmed
•yikes thanks for the warning! def gonna file asap
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Ethan Wilson
Pro tip: make sure you have all your documents ready before filing the amendment. Double check everything! The IRS is super backed up and any little mistake will delay things even more.
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NeonNova
•fr fr documentation is key 👀
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Yuki Tanaka
Just amended my 2023 return last month. Used turbo tax and it wasnt too bad tbh
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Zara Ahmed
•did u do it yourself or get help?
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Yuki Tanaka
•Did it myself but ngl that taxr.ai thing helped alot with understanding the process
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Miguel Castro
Just went through this exact situation last year! You definitely need to file the amendment separately - there's no way to combine tax years. I made the mistake of waiting thinking it would be easier and ended up paying extra interest. The good news is that if you owe money, the sooner you file the amendment, the sooner the interest stops accumulating on the additional amount. If you're getting a refund from the amendment, you'll want to file ASAP to get that money back. Don't procrastinate like I did!
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Yara Sayegh
•Thanks for sharing your experience! That's really helpful to know about the interest continuing to accumulate. I'm definitely leaning towards filing the amendment now rather than waiting. Did you end up owing money or getting a refund when you amended?
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