Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit or EITC.įor 2018, the credit was worth as much as $6,431. You do not need to file a tax extension if you do not owe taxes.īy failing to file a 2018 tax return, taxpayers stand to lose more than just their refund of taxes withheld or paid during 2018. Again, you will not face late penalties if you are owed a tax refund. As it stands now, taxpayers who have not yet filed a 2018 Tax Return and are owed a refund will have until Apto claim this amount before it is claimed by the U.S. Is there a tax refund waiting for you? You have three years to file a tax return and claim your refund and you will not face a late filing penalty for doing this! For example, the deadline to claim a 2017 tax refund was May 17, 2021. Even though you can not longer e-File 2018 returns, prepare and mail your 2018 Tax Return Forms before Apif you need to in order to claim your refund do not let your money go to the IRS!ĭid you know that the average refund amount in 2021 was about $2,781? It's expected to be a bit higher in 2022. ![]() After April 18, 2022, you will no longer be able to claim this refund. The IRS is currently holding onto $1.5 billion in refunds for those who have not filed a 2018 federal return.
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