Missed Deductions: The Hidden Reason Your Tax Refund Is Smaller
- Tiffany Schoonmaker
- 5 days ago
- 2 min read
You filed your taxes. Maybe you even received a refund. But what if that refund wasn’t the full amount you were entitled to?
Every year, millions of Americans overpay the IRS due to missed deductions, credits, or incorrectly filed returns. These oversights often happen silently—your return is accepted, your refund is issued, and you move on, unaware that money was left on the table.
Most Americans Leave Money Behind
IRS data shows that billions of dollars in refunds go unclaimed annually. Many of these stem from:
Unclaimed Earned Income Tax Credits (EITC)
Education or Lifetime Learning Credits
Missed childcare expenses or dependent credits
Misreported filing status
Forgotten deductions for self-employed individuals, teachers, or healthcare workers
And these are just a few examples. The tax code is complex, constantly changing, and different for everyone.
Why Tax Software Isn’t Built to Catch This
Most tax software is designed to help you file—quickly and accurately. But these systems are compliance-focused, not optimization-focused. They take your inputs at face value and guide you through a linear workflow. They don’t simulate alternative filing scenarios or back-check years for patterns.
How AI Changes the Game
My Tax Retriever uses proprietary AI models built from IRS rules, court decisions, filing heuristics, and audit behavior. Our system scans your prior three years of tax returns to evaluate:
Missed refund triggers
Incorrect classifications
Overlooked credits and deductions
If our analysis detects refund potential, we show you how much you’re owed and generate a ready-to-sign Form 1040X amendment package.
The Bottom Line
Your original return may be accurate. But was it optimal?
In just minutes, My Tax Retriever can uncover what you didn’t know you were missing—and help you claim it. Try our free refund scan today.
Commenti