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Level 1
February 28, 2021
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Charitable contribution made in 2015 and refunded in 2020...do I need to update any tax forms?

  • February 28, 2021
  • 1 reply
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I received a refund from a charitable contribution I made 5 years ago. Do I need to update any federal or state tax returns?

    Best answer by WendyN2

    Yes, if you donated to a Charitable Contribution and were able to see a benefit from applying it as a deduction to a tax year, and then this Charitable Contribution was (for whatever reason) refunded to you, you would need to amend your return for that year IF and only IF the amount of benefit you received reduced your taxable income enough to put you into a lower tax bracket, thus reducing your "Tax" for that year. 

    1 reply

    WendyN2
    WendyN2Answer
    Level 9
    February 28, 2021

    Yes, if you donated to a Charitable Contribution and were able to see a benefit from applying it as a deduction to a tax year, and then this Charitable Contribution was (for whatever reason) refunded to you, you would need to amend your return for that year IF and only IF the amount of benefit you received reduced your taxable income enough to put you into a lower tax bracket, thus reducing your "Tax" for that year.