Does the Internal Revenue Service have a refund check for you because you failed to file your 2009 federal tax return?
Are you due an earned income tax credit and not received it because you have not filed a tax return for 2009?
Well, may I have your attention, please?
If you haven’t filed your 2009 federal tax return, you may still have time to claim your tax refund. The IRS has $917 million in unclaimed refunds from an estimated 984,000 tax returns that people didn’t file for the 2009 tax year. The IRS estimates that half the potential refunds for 2009 are more than $500.
Here are some things the IRS wants you to know about unclaimed refunds:
1. Not required to file. You may not have filed a 2009 tax return because you didn’t earn enough income to have a filing requirement. If you had taxes withheld from your wages or made quarterly estimated payments, you can still file a return and claim your refund.
2. Three-year window. You have three years to claim a refund. If you don’t claim your refund within three years, the money becomes property of the U.S. Treasury.
For 2009 returns, the window closes on April 15, 2013. You must properly address, postmark and mail your return by that date. There is no penalty for filing a late return if you are due a refund.
3. Don’t miss the EITC. By not filing a return, you may miss an important credit — the Earned Income Tax Credit. For 2009, the credit is worth as much as $5,657. The EITC can put extra money in the pockets of individuals and families with low and moderate incomes.
If you are eligible for the EITC, you must file a federal income tax return to claim the credit. This is true even if you are not otherwise required to file.
Don’t get it twisted. The money that you are due for a refund or for a tax credit will not miraculously appear in your bank account or mail box. You must file a tax return to get it. If I sound repetitious, it is by design.
Alma M Scarborough: taxhitlady@sbcglobal.net; www.taxhitlady.com.
