I have a Schedule A showing with my return. I should get more with a standard deduction. How can I correct this?
If your tax return includes Schedule A (Itemized Deductions) but you believe you would have been better off taking the standard deduction, you can correct this by filing an amended return using Form 1040-X. The standard deduction is often more beneficial than itemizing, especially if your total itemized deductions are less than the standard deduction amount for your filing status.
Steps to Correct Your Return
- File Form 1040-X: Use Form 1040-X, Amended U.S. Individual Income Tax Return, to correct your original return.
- Choose Standard Deduction: On the amended return, select the standard deduction instead of itemizing on Schedule A.
- Recalculate Your Tax: The IRS will recalculate your tax liability based on the standard deduction. If you overpaid, you may receive a refund.
- Submit Within 3 Years: You must file Form 1040-X within 3 years from the date you filed your original return or within 2 years from the date you paid any tax, whichever is later.
Important Notes
- Do not delete or alter your original return. The amended return replaces it.
- Only amend if you believe the standard deduction results in a lower tax liability.
- Keep records of all supporting documents, including your original return and any correspondence with the IRS.
Source:
Schedule A (Form 1040) Instructions
About Form 1040-X
Disclaimer: Always verify details with official Federal or State Department of Revenue Forms and Instructions.