Solved: That throws more light on your problem. Retroactiv...
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

I just read that I cannot amend my return to include the American Opportunity credit if I am past the deadline. I forgot to claim the credit for 2016. Is this true?

Did I pass the deadline to amend my 2016 return to include the American Opportunity credit?
1 Best answer

Accepted Solutions
Highlighted
Level 15

I just read that I cannot amend my return to include the American Opportunity credit if I am past the deadline. I forgot to claim the credit for 2016. Is this true?

No it is not true.  You have up to three years from the filing deadline to submit an amended return.

If you need to enter additional information, delete something, or change something on the the tax return you already filed, you have to wait until your return has been fully processed, then you can prepare an amended return, called a 1040X.  You cannot e-file a 1040X.  It must be printed, signed and mailed to the IRS.

https://ttlc.intuit.com/questions/3061514-how-do-i-amend-a-2016-return-in-turbotax 

After you print, sign and mail your amended return—1040X— to the IRS wait about 3 weeks and then you can begin checking on it at the IRS website.  Be aware that it can take at least 3-4 months for an amended return to be fully processed (or sometimes even longer.)

https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1

https://www.irs.gov/filing/individuals/amended-returns-form-1040-x/amended-return-frequently-asked-q...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

6 Replies
Highlighted
Level 15

I just read that I cannot amend my return to include the American Opportunity credit if I am past the deadline. I forgot to claim the credit for 2016. Is this true?

No it is not true.  You have up to three years from the filing deadline to submit an amended return.

If you need to enter additional information, delete something, or change something on the the tax return you already filed, you have to wait until your return has been fully processed, then you can prepare an amended return, called a 1040X.  You cannot e-file a 1040X.  It must be printed, signed and mailed to the IRS.

https://ttlc.intuit.com/questions/3061514-how-do-i-amend-a-2016-return-in-turbotax 

After you print, sign and mail your amended return—1040X— to the IRS wait about 3 weeks and then you can begin checking on it at the IRS website.  Be aware that it can take at least 3-4 months for an amended return to be fully processed (or sometimes even longer.)

https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1

https://www.irs.gov/filing/individuals/amended-returns-form-1040-x/amended-return-frequently-asked-q...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

Highlighted
Level 15

I just read that I cannot amend my return to include the American Opportunity credit if I am past the deadline. I forgot to claim the credit for 2016. Is this true?

You are allowed to amend to claim  and educational credit. But there are other restrictions. For example you cannot be a dependent or even be eligible to be a dependent. Furthermore, A student, under age 24, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. You must have actually paid tuition, not had it paid by scholarships & grants.  It is usually best if the parent claims that credit.  
For full rules, see <a rel="nofollow" target="_blank" href="https://www.irs.gov/Individuals/AOTC">https://www.irs.gov/Individuals/AOTC</a>
Highlighted
New Member

I just read that I cannot amend my return to include the American Opportunity credit if I am past the deadline. I forgot to claim the credit for 2016. Is this true?

Thank you, I am a parent so I meet the requirements. What I read was regarding not having SSN by deadline so I read it wrong. I am relieved.
Level 15

I just read that I cannot amend my return to include the American Opportunity credit if I am past the deadline. I forgot to claim the credit for 2016. Is this true?

That throws more light on your problem. Retroactive claims are no longer allowed for earned income credit (EIC), child tax credit (CTC) or American Opportunity Tax Credit (AOC) for any taxable year for which the taxpayer has a taxpayer identification number that has been issued after the due date for filing the return for such taxable year. That is, a taxpayer who files a return with an ITIN and later receives a SSN may not amend prior year return to claim EIC or amend a prior year return to claim CTC or AOC for a dependent who later received an ITIN or SSN.
reference:  <a rel="nofollow" target="_blank" href="http://www.thetaxadviser.com/newsletters/2016/jan/congress-makes-changes-to-popular-tax-credits.html...>
Highlighted
New Member

I just read that I cannot amend my return to include the American Opportunity credit if I am past the deadline. I forgot to claim the credit for 2016. Is this true?

This does not apply to him, he has always had a SSN born here. So I should have no problems amending my return
Highlighted
Level 15

I just read that I cannot amend my return to include the American Opportunity credit if I am past the deadline. I forgot to claim the credit for 2016. Is this true?

Retroactive claims are no longer allowed for earned income credit (EIC), child tax credit (CTC) or American Opportunity Tax Credit (AOC) for any taxable year for which the taxpayer has a taxpayer identification number that has been issued after the due date for filing the return for such taxable year. That is, a taxpayer who files a return with an ITIN and later receives a SSN may not amend prior year return to claim EIC or amend a prior year return to claim CTC or AOC for a dependent who later received an ITIN or SSN.
reference:   http://www.thetaxadviser.com/newsletters/2016/jan/congress-makes-changes-to-popular-tax-credits.html

v
Privacy Settings