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@jasperbdean wrote:
I did read about the non-opt out, but i was hoping to get a generalized answer to my question, i.e., if the taxes were filed on another software that didn't opt in automatically, or if taxes were submitted manually, etc.
Is this a possibility?
In that case if you were eligible for EIC and it was not entered on your tax return, the IRS would add the EIC and either increase your tax refund or decrease your taxes owed by the amount of the EIC.
If you were eligible for EIC the TurboTax program would have completed the EIC section automatically.
Look at your tax return Form 1040 Line 18a. If there is an amount entered the EIC was entered on your tax return.
I did read about the non-opt out, but i was hoping to get a generalized answer to my question, i.e., if the taxes were filed on another software that didn't opt in automatically, or if taxes were submitted manually, etc.
Is this a possibility?
@jasperbdean wrote:
I did read about the non-opt out, but i was hoping to get a generalized answer to my question, i.e., if the taxes were filed on another software that didn't opt in automatically, or if taxes were submitted manually, etc.
Is this a possibility?
In that case if you were eligible for EIC and it was not entered on your tax return, the IRS would add the EIC and either increase your tax refund or decrease your taxes owed by the amount of the EIC.
Oh interesting, and very good to know. My question would then be, if the EITC is basically added 'automatically' no matter what, is the ability to claim the benefit for previous years just supposed to be for people who skipped a year(s) of filing?
Also, does the same automatic process apply for state specific (ie., CalEITC) programs?
If a tax return was never filed then it would be in their best interest to file the return if they are eligible for a credit. However, to file for a tax refund there is a limit of 3 years from the due date of the original tax return to file for a refund. Beyond 3 years, no refund.
@jasperbdean wrote:
Also, does the same automatic process apply for state specific (ie., CalEITC) programs?
I cannot answer in regards to a state procedure for applying credits.
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