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Deductions & credits
I am sorry I may not make my question clear.
I worked in OK in the Aerospace sector in both 2023 and 2024. Based on my understanding, I should be eligible for the credit for both years. That is, $5000 for 2023 and another $5000 for 2024 separately.
I am currently filing my 2024 tax return, and I will definitely claim my 2024 $5000 credit. However, I didn't claim my 2023 $5000 credit while I was filing my 2023 tax return. So, based on the answer to my question from MindyB, I could file an amendment to my 2023 tax return to claim this $5000 credit. At the same time, I should be eligible to claim $5000 credit for my 2024 tax return since I worked in OK for the same Aerospace employer in both 2023 and 2024.
My understanding is: if I work for the same Aerospace employer for five continuous years and I have never used this credit before (or never worked in OK before), I am eligible to claim $5000 credit for each year.
Is this correct?