April 9, 2019
Did you know you have a three-year window of opportunity to claim a refund?
It’s true. Right now, there are an estimated 39,700 people in Michigan who have unclaimed money from the IRS from tax year 2015.
And, there is no penalty from the IRS for filing a late return if you’re owed a refund.
The IRS recently released an article stating that they were trying to connect with over a million people to divvy up over $1.4 billion in potential return money from the 2015 tax filing year.
In order to receive a refund check from 2015, taxpayers must file their 2015 tax returns no later than this year's tax deadline, Monday, April 15. The law requires taxpayers to properly address, mail and ensure the tax return is postmarked by that deadline.
"We’re trying to connect over a million people with their share of $1.4 billion in potentially unclaimed refunds for 2015,” said IRS Commissioner Charles Rettig. “Students, part-time workers and many others may have overlooked filing for 2015.”
The IRS is quick to point out that the 2015 refund check may be held if:
On a positive note, many low- and moderate-income workers may be eligible for the Earned Income Tax Credit (EITC). For 2015, the credit was worth as much as $6,242. The EITC helps individuals and families whose incomes are below certain thresholds.
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