Time is running out on your 2011
Whaaaat?, you say. You’re working on 2014 between now and April 15th.
But if you’re one of those people who overlooked a tax deduction or, better yet, a tax credit like EITC
, you’re running out of time to amend your 2011 return and capture some of that money.
An amended return must be filed within three years of the date you filed the original return or within two years of when you paid the tax.
Fix your tax glitches
Tax law allows you to amend returns when you’ve discovered an error, that’s not math related. (If it’s just math, the IRS will fix it without an amendment.)
I’ve written lots about overlooked tax deductions
Remember that you can not only do better with this year’s return, you have the right to go back to the last three tax years to claim money you left on the table in prior years. But the IRS may correct your math blunders, but it won’t claim overlooked deductions or credits for you.
Overlooked tax savings