Brookville H&R Tax Tips: See If You Should Amend a Tax Return with H&R Block’s Free Second Look

BROOKVILLE, Pa. – Brookville H&R Block submitted the following article:

See If You Should Amend a Tax Return with H&R Block’s Free Second Look

More than 1 in 5 Americans have inaccuracies on their tax return that lead to a smaller refund than they deserve, according to H&R Block research.

This means out of the 150,694,000 tax returns the IRS processed for 2014, more than 30 million people could be due a larger tax refund.

While for some people that difference could be small – $10, $30 – it can be significant for many others.

What are the biggest pitfalls keeping people from getting their max refund?

1. Missed higher education tax credit – The American Opportunity Tax Credit is worth up to $2,500
2. Failing to claim legal dependents – An exemption is $3,800 per dependent, the Child Tax Credit can be worth up to $1,000, and the Dependent Care Tax Credit may return as much as $6,000.
3. Failing to claim the Earned Income Tax Credit – This refundable tax credit can be worth up to $5,891

Even just failing to file can be a big mistake. On average, a taxpayer due a refund who does not file a tax return loses $640.

The good news is that you have up to three years from the filing deadline to amend your return. The deadline to amend 2012 returns is quickly approaching.

It’s understandable if you don’t want to go through the trouble of amending a return if you don’t think you made any mistakes. That’s where H&R Block’s Second Look comes in.

Visit any H&R Block office for a free Second Look. A tax professional will look at your return if you self-prepared it or used a different tax prep company. Our tax pros will determine if there are any mistakes or if you were eligible for credits that could have increased your return. The consultation is completely free. If we don’t find anything – you don’t need to amend. If we do, your H&R Block tax professional can prepare a 1040X (amended return).

Don’t miss out on an opportunity to verify that you got back everything you deserve. Make an appointment now!

We know people are busy, so to help finish their returns before the IRS deadline, Block is extending hours in offices nationwide.

Walk in, make an appointment or drop off your paperwork, and we will complete your return while you’re doing other things. Visit one of our offices for help today.

Information provided by H&R Block, Brookville, Pa.

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