Ask Terry Questions Amended taxes

Amended taxes

By Terry Savage on June 20, 2021 | Taxes & Economy

I had to amend my 2019 Federal and State taxes…having to pay additional money as well as a penalty.
Does that mean I need to also amend my 2020 because numbers changed?

Terry Says

If you’re all caught up on your 2019 taxes, it should have no impact on your 2020 return. And you should have filed that return by May 17th to avoid penalties for this year!!

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