Today TaxMama® wants to tell you how disabled vets might be eligible for IRS tax refunds going back as far as 1991. Unbelievable? But true! Dear Friends and Family, We all know that you cannot get IRS refunds if you file for them more than 3 years after the tax return was filed (or was originally due, if unfiled). So why can you suddenly go back over 25 years to get these refunds approved? Well, it turns out that the Combat-Injured Veterans Tax Fairness Act that was passed in 2016 makes all this possible. The IRS worked with the Veterans Administration to craft a letter to veterans who received a lump sum disability check when they separated from service. IRS withholding was taken from those checks – but the benefits should not have been taxable. Veterans who receive that letter need to take action immediately. You have 12 months to file an amended return to claim your refund. (It’s not clear if the IRS will also be…
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