when you file 1040 x be sure you look out for anything that you missed such as exemptions deductions and credits it may seem daunting and you may feel as though you ll be penalized for having to correct any errors but there are advantages that come with amending your income tax return including 
keep in mind that you may also have to report additional income that you didn t include on your original return if this happens your taxable income will increase and you may have a balance owing this means you are responsible for paying the outstanding amount plus any fees and penalties that may apply 4