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.
I'm in Missouri and haven't gotten my state refund yet either. Accepted on 2/2. Called last week and was told that there is a back log and that it could take 4-6 weeks and to basically not call back until it's been at least 6 weeks.