I have a question about reporting prior year deductions. Can I report prior year deductions on this year’s tax return or do I have to file a separate form?
You can report prior year deductions but you will have to complete and mail an amended tax return by filing Form 1040X. You are not able to e-file a 1040X. By filing Form 1040X are basically changing your original return to include new information.
Reporting prior year deductions is done by amending your tax return with Form 1040X: Amend U.S. Original Tax Return. However, you will need to do the following:
- File Form 1040X within three years from the date you filed your original tax return
-or-
- Within two years of the date you paid the tax, whichever is later.
- Make sure you enter the year of the return you are amending on the 1040X
Related Resources
Determining if you’re able to claim the Earned Income Tax Credit can be tricky. H&R Block can explain how to qualify for the Earned Income Credit.
Can you deduct business vehicle expenses on your taxes? Learn more about business vehicle deductions and get tax answers at H&R Block.
Learn more about the different credits that form the investment credit and get tax answers at H&R Block.
Learn how to deduct student loan interest with H&R Block. Get information about qualified education expenses and see if a student loan tax deduction applies to you.
