Over $1 Billion in Tax Refunds are Waiting to be Claimed!

        There is a 3 year window to claim a Tax Refund. For those who did not file a 2017 Tax Return, that window will soon be closing. The Internal Revenue Service (IRS) says that the last day to claim any of the $1.3 billion is May 17. After this, it will belong to the Treasury Department. It’s estimated that the median amount of the refunds is $865. For a state like California, there is the potential for over $120 million in refunds for that Tax Season.

All that is needed is to file that 2017 Tax Return. There is no penalty for filing late, if you are receiving a refund. This can be the key to getting an Economic Impact Payment (EIP) if you did not get one last year and you qualify. However, that refund might be held back if you have not filed for 2018 or 2019. The refund may also be applied to any outstanding federal or state tax debts, unpaid child support, or student loans.

        Those who have not filed their 2017 Tax Return may be missing out on claiming the Earned Income Tax Credit (EITC). It is meant to help low and moderate income Taxpayers and can still be claimed today. Even if you cannot find your tax documents from that time, make an appointment with your Qualified Tax Professional. They can work on your behalf with the IRS to resolve any past tax issues.

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