When you file jointly, especially when you're not used to having a second person's income to include, you might overlook your spouse's W-2. However, the Internal Revenue Service won't, so as soon as you discover your error, file an amended tax return using Form 1040X. This form allows you to correct your mistake and recalculates your taxes. You'll have to pay any extra tax due, but the sooner you act, the smaller the interest and penalties that will be added.
Don't Forget State Returns
Because most states (and tax preparation software) link your federal income tax information to your state income tax returns, chances are if you didn't include the income on your federal taxes, you also forgot to put it on your state return. So, when you amend your federal return, also file an amended state income tax return.
- Creatas/Creatas/Getty Images
- What Percentage of Federal Taxes Is Withheld From the Check if Filing Single?
- What Happens When Half the Year You Claim Single & Half the Year You Claim Married?
- How to Reduce Personal Income Tax Liability
- How to File Taxes With a Spouse Who Owes Back Taxes Before You Were Married
- What Brings Your AGI Down?
- The Advantages and Disadvantages of Doing Your Own Taxes Vs. Hiring a Professional
- Do I Need an Itemized List of Donations to File Taxes?
- Can I Claim Myself on My Federal Taxes?
- Does Amending Taxes Red Flag Them for Audit?
- Can I File a W2 That I Forgot in the Next Year?