You may have a refund waiting for you.
DEADLINE – TUESDAY APRIL 18th
The IRS estimates $1 Billion in refunds for unfiled 2013 tax returns. The IRS grants a 3 year window to file a tax return in order to receive a refund if you are owed one. It is very interesting that so many people have not filed their 2013 tax return. The IRS estimates the midpoint for potential refunds for 2013 at $763.
By failing to file a tax return, people stand to lose more than just their refund of taxes withheld or paid during 2013. Many low-and-moderate income workers may have been eligible for the Earned Income Tax Credit (EITC). For 2013, the credit was worth as much as $6,044. The EITC helps individuals and families whose incomes are below certain thresholds. The thresholds for 2013 were:
· $46,227 ($51,567 if married filing jointly) for those with three or more qualifying children;
· $43,038 ($48,378 if married filing jointly) for people with two qualifying children;
· $37,870 ($43,210 if married filing jointly) for those with one qualifying child, and;
· $14,340 ($19,680 if married filing jointly) for people without qualifying children.
If you haven’t filed your 2013 return and are unsure if you would have a refund, please make an appointment or drop-in at 2241 Green Acres Road.
Read the full article at HERE