A Brief Overview of Depreciation. Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. It is an annual allowance for the wear and tear, deterioration, or obsolescence of the property.
How far back can you submit returns or amended returns and still get a refund? You can go back three years from the original deadline of the tax return to get a full refund. After three years, you will not be able to obtain a refund. It is important if changes are needed on an already filed return that these changes are made within the three year time frame.
Can I still file my 2012 taxes and get a refund back cause I never got a w2 for that year. Reply. Unfortunately, your statute of limitations for claiming a refund has expired. You were required to file your return within 3 years of the return due date.