how to find out what happened to my tax refund from previous year
What Can I Do If I Accept Unclaimed Taxation Refunds?
Getting a tax refund is welcome news, but what if yous're missing out on coin owed to you? It's possible. Each year, unclaimed tax refunds stack up into the millions of dollars co-ordinate to the IRS.
The reasons for unclaimed taxation money can vary and besides, then can the process for retrieving your refund. We can help you empathize the types of unclaimed revenue enhancement refunds and how to claim yours, and then you can get back every dollar you lot deserve.
Unclaimed Tax Money – Undelivered or Lost Checks
A changed address, new bank account number or simply a check that gets lost in the mail – these are all reasons why your refund might not accomplish you. Whether yous were expecting a paper check or a direct deposit, you can yet receive your unclaimed tax money.
- If it's been nether a year since your refund was issued, you can asking that the IRS reissue it by using the IRS'due south unclaimed refund database. For your protection, you must provide your Social Security number, filing status and the amount of your refund. There you'll update your accost if needed. Your refund information stays bachelor on this site until you file a tax return for a more current year.
- If information technology's been more than than a year, only under three years (the general cutoff for the statute of limitations), you have ii options to request that your lost refund be reissued. If you used the Married Filing Jointly condition, you lot should complete Form 3911, Taxpayer Statement Regarding Refund. If you used whatever other condition, you lot can call the IRS at ane-800-829-1954.
Unclaimed Refunds – Missed Credits, Deductions or Errors
What happens if you find out about a credit or deduction that would take resulted in a refund — subsequently yous filed? Or maybe you learned of an fault on your return that would have meant a lower balance due or more coin dorsum. If it's been three years or fewer since the due date of your render, you can improve your render and still receive your unclaimed taxation refund.
To amend your taxation return, you need to consummate Form 1040X and mail it to the IRS. Note, the process for amendments tin take longer than when you file an original return, especially if you e-file the original return. It will take up to three weeks for the amended revenue enhancement render to appear in the IRS system. Processing the subpoena tin take up to 16 weeks.
Not sure if you lot missed anything on a prior return? We tin help. With H&R Cake'south Second Look, nosotros tin review your prior yr returns to bank check credits, deductions or errors that will aid you access your unclaimed tax money.
Unclaimed Tax Returns – Filing Wasn't Required
Not everyone is required to file a return each yr because there's a minimum amount of income before you lot're required to file taxes. If y'all're nether that amount, you don't have to file taxes, but yous may desire to, so you lot can get a refund of withholding or merits a refundable credit, such as the earned income credit.
The good news is that you can still receive unclaimed taxation refunds if y'all file a return generally within three years of the due date of the return. Plus, if you make up one's mind to file a return for an earlier yr to become a refund, you lot won't have to worry about a penalty for a late return.
Need help filing that return? H&R Cake Software back editions makes information technology easy to file older tax returns, so you can collect your unclaimed refunds.
Related Resources
Top IRS Inspect Triggers: 9 Taxation Mistakes to Avoid
What triggers the IRS to inspect a tax return? Learn how common tax mistakes and errors tin can exist a red flag and touch on your chances of being audited by the IRS.
What are the current tax rates?
Detect the current percentages for federal income tax rates, upper-case letter gains tax rates, Social Security revenue enhancement rates and more from the taxation experts at H&R Block.
The Complete Guide to the West-2 Form
The key to agreement your westward-two form is decoding the boxes and numbers. Acquire how to read your w-2 form with this box-by-box infographic from H&R Cake.
Class 8863
The tax experts at H&R Block outline how students and parents tin file Course 8863 and document qualified expenses. Read virtually Form 8863 here.
Source: https://www.hrblock.com/tax-center/irs/refunds-and-payments/lost-tax-return-refund-check/
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