Greetings everyone,
I'm still relatively new to paying taxes and only recently did I find out that I have to report interest earned from my bank accounts on my taxes and I have gone for 2 tax years either no knowing this thing or having forgotten about it. I have a savings account and a 36 month CD account. I have never received a tax document from my bank because (to my knowledge) I have never made more than 10 dollars in interest from these accounts. But, I don't believe I ever reported them on my tax forms. I have filed for the 2019 and 2020 tax years and both times I have taken the standard deduction because I haven't made more than it.
My question is, should I even bother going through the process of amending tax forms? Is it even possible? Will it even matter?
Thank you in advance for your help.
Submitted August 15, 2021 at 02:32AM by MartinPlusPlus https://ift.tt/3z0Eq3y
