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re-doing taxes?

February 2nd, 2010 at 08:38 am

well we did our taxes a few weeks ago and we got $2800 back but I thinkwe jumped the gun. I forgot about refinancing the house and being able to deduct the MIP and interest from that. We just got the paperwork yesterday and when I went to the tax calculator t see if we would have gotten much more back, it jumped up about $600. Is it worth doing an amended tax return or is it bad to do that? Would they be more likely to try and audit you?

4 Responses to “re-doing taxes?”

  1. creditcardfree Says:

    I don't think the audit rate is any higher. It sounds like a legitimate deduction, so I would definitely amend your return to get the additional refund. Make sure you have everything before you to the amendment just so you don't do it more than once!!

  2. ceejay74 Says:

    You absolutely should. I've never heard about that raising red flags for an audit, and I've actually amended mine once or twice with no problems.

    If you are more worried about an audit, just make extra sure you keep all your paperwork somewhere you can find it. You'll be fine!

  3. ceejay74 Says:

    PS is that a new profile pic? What cuties!

  4. lilmama Says:

    thanks guys...and yes ceejay those are my two babys.=)

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