The IRS is alerting certain veterans that they may be due a tax credit or refund. The 2016 Combat-Injured Veterans Tax Fairness Act affects veterans who received disability severance payments after 1/17/91, and were improperly taxed on the amounts on their federal tax returns. To recover the taxes, these veterans must file Form 1040X, “Amended U.S. Individual Income Tax Return.” They can submit claims based on the actual disability severance payments, or use a simplified method to claim refunds. For more details: https://bit.ly/2xqkVnD. Contact us for help.

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