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Taxpayers Could End Up Leaving $1.3 Billion on the Table. Here's Why


Most people who file a tax return wind up with a refund. But if you're due a refund and don't file a tax return, you'll forgo that money.

This may be the case for an estimated 1.3 million Americans who are owed a refund for the 2017 tax year. The IRS recently announced that it's hanging onto over $1.3 billion in unclaimed money, and those who are eligible to split that pot only have a limited window of time to go after their cash.

Some low-income workers don't have to file a tax return. But if you don't, you could end up missing out on important tax credits that put more money back in your pocket.

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Source Fool.com


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