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Overpayment of Income Taxes for Tax Year 2004?

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Dear All,

In prior years, I have been doing taxes using just the 1040 booklet and calculate all the numbers on my own. This year, I bought a software and to much of my surprised, I actually should have itemize my deductions vs. taking the standard deductions. This saved me about $500 in taxes.

I realized that I had overpaid 2004 taxes because I used standard deductions, rather than itemize my deductions. Can I amend my 2004 tax returns and use itemize deductions so I can get some refund back for both Federal and State(CA)?

If so, which forms should i use?

Thanks

Kaya


This entry was posted on Wednesday, December 16th, 2009 at 7:55 am and is filed under Tax Return Software. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

One Response to “Overpayment of Income Taxes for Tax Year 2004?”

  1. mexlover80 Says:
    December 16th, 2009 at 9:03 am

    Yes you have three years from when you file to amend your taxes. You would file a 1040X. You can probably find it on the website http://www.irs.gov or go to a local H&R Block and have them do a FREE double check challenge. They only charge you if they get you more money back or save you more money on your taxes. If you do it on your own, then the 1040X is what you would file.

    I do taxes for a living.

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