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If you are amending a tax return from the 2020, 2021, or 2022 tax season, you can file your amended return electronically. It takes approximately 20 weeks to process paper and electronically-filed ...
As of May 2023, the IRS had 4.2 million unprocessed returns, including 2022 returns, 2021 returns filed late and amended returns. Read: What To Do If You Owe Back Taxes to the IRS
Of the total, however, IRS numbers indicated that 11.2 million individual paper returns awaited processing as of June 10, up from 9.6 million similar returns at the same time last year.
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Form 1040-X (officially, the "Amended U.S. Individual Tax Return") is used to make corrections on Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed (note: forms 1040-A and 1040-EZ were discontinued starting with tax year 2018, but a 1040X may still be filed amending one of these tax forms filed for previous years).
But, in general, you would not be eligible for any portion of the credit unless your 2021 adjusted gross income was below $160,000 if you were married filing jointly; below $120,000 if you filed ...
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