I refinanced in 2021, and the title company did not get me my tax deduction form. So, I was never able to claim that deduction. Can I claim it now?

[HopeS · Accepted solution]

No, you will need to amend your 2021 tax return to take the additional tax deduction. Before you amend review your 2021 return to see whether or not you took the itemized deductions or the standard deductions. Your total itemized deductions would have to be greater than your standard deductions for it to be beneficial to amend your return to include additional tax deductions. 

For single taxpayers and married individuals filing separately, the standard deduction rises to $12,550 for 2021, up $150, and for heads of households, the standard deduction will be $18,800 for the tax year 2021, up $150. If your itemized deductions exceed these thresholds in 2021 then you should amend your returns.

If you used TurboTax Online, simply login to your account and select “Amend a return that was filed and accepted.” If you used our CD/download product, sign back into your return and select “Amend a filed return.” You must file a separate Form 1040-X for each tax return you are amending.

How to Amend

@lynnop