Haven’t filed your 2014 Federal Income Tax Return? Are you due a refund? You need to file by April 15th to get your money!
Up to one million people a year may lose out on a tax refund simply because they did not file a federal income tax return.
Many taxpayers may not file because they didn’t earn enough money to be required to. However, taxpayers who had federal taxes withheld by their employer may be eligible for a refund of those taxes. Also, even if you aren’t required to file, you may qualify for benefits like the Earned Income Tax Credit.
You must file a tax return to get the money.
There is usually no penalty for failure to file, if you are due a refund. But, if you wait too long to file a return or otherwise claim a refund, you risk losing your refund altogether.
In most cases, an original return claiming a refund must be filed within three years of its due date for the IRS to issue a refund.
Generally, after the three-year window closes, the IRS can neither send a refund for the specific tax year. nor apply any credits, including overpayments of estimated or withholding taxes, to other tax years that are underpaid.
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