Are you one of the 1.3 million taxpayers who did not file for your tax refund in 2017? Unclaimed income tax refunds worth more than 1.3 BILLION dollars await; however, time is swiftly fleeting by to claim these refunds. The IRS allows three years to do so; the window closes on May 17, 2021, for the tax year 2017.
On May 18, the unclaimed money becomes the property of the U.S. Treasury. The Georgia Department of Revenue has $44 MILLION in unclaimed 2017 refunds for 46,300 taxpayers who earned income in Georgia.
Taxpayers stand to lose more than just their refund.
Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit, which was $6,318 that year.
A single person with three children who made $48,340 or less in 2017 and did not file is missing not only his/her federal and state refunds but also that $6,318 refundable credit.
If you or a loved one is behind on their tax filing and may have an unclaimed 2017 refund and need assistance in filing, please contact Killingsworth Spencer, LLC. We can file past years, whether it is to claim an aging refund or file back taxes.
Contributing editor, Lynn Spencer, Killingsworth Spencer, LLC