Act Fast: Claim Your Share of $1 Billion in IRS Refunds! Average Refund is $781
The clock is ticking for 1.1 million Americans who have unclaimed IRS refunds! If you haven’t filed your 2023 tax return yet, now’s the time to act. The average refund waiting in limbo is a substantial $781—a nice sum that can make a significant difference in your finances!
A Golden Opportunity Awaits
According to the IRS, there’s over $1 billion in refunds still unclaimed from the 2023 tax year. This money is allocated for those who have yet to submit their Form 1040 Federal Income Tax returns. Don’t let your hard-earned money slip through your fingers—take the necessary steps to file today!
In Alabama alone, more than 18,000 residents are due refunds, with a median amount of $743. Imagine what you could do with that amount—save for a vacation, pay off debt, or even treat yourself!
Important Deadlines: Don’t Miss Out!
The deadline to submit your tax return is April 15. Under federal regulations, you have a generous three-year window to file and claim your tax refunds. However, if you wait beyond this period, the money will be handed over to the U.S. Treasury.
More Than Just a Refund: Additional Credits Available
But there’s more at stake than just your tax refund. Numerous individuals may be eligible for the Earned Income Tax Credit (EITC), which can be worth up to $6,728 for taxpayers with qualifying children.
EITC Eligibility Thresholds for 2023 Include:
- $51,464 ($57,414 if married filing jointly) for those with three or more qualifying children.
- $47,915 ($53,865 if married filing jointly) for individuals with two qualifying children.
- $42,158 ($48,108 if married filing jointly) for those with one qualifying child.
- $21,430 ($27,380 if married filing jointly) for individuals without qualifying children.
Consequences of Non-filing: A Warning from the IRS
Failure to file your tax return can have dire consequences. The IRS cautions that if you haven’t submitted your tax returns for 2022 or 2023, any refund for 2023 might be held until those filings are complete. Additionally, these refunds can be used to settle outstanding debts owed to the IRS, state tax agencies, or even unmet child support obligations.
Need to File Your 2023 Tax Return? Here’s How!
Don’t worry; filing your tax return for 2023 is easier than you think! Most of the required materials can be sourced online. Check out this link for a comprehensive list of what you need to file.
The Time to Act is Now!
With so much at stake, don’t let this opportunity pass you by! Seize the chance to claim your refund and make the most of your hard-earned money. A single day can make all the difference. If you’re eligible, act swiftly to secure your share of the unclaimed refunds before the deadline arrives—April 15 is just around the corner!
