IRS Has Around $2.2 Billion Dollars In Refunds For Taxpayers
IRS has refunds totaling approximately $2.2 Billion dollars for tax year 2003
Over 1.8 Million people are due a refund, however they have not filed their 2003 tax return and cannot claim the refund.
In order to collect the money you have to file no later then Tuesday, April 17, 2007.
IRS estimates that half of those who could claim refunds would receive more than $611. In some cases, individuals had taxes withheld from their wages, or made payments against their taxes out of self-employed earnings, but had too little income to require filing a tax return. Some taxpayers may also be eligible for the refundable Earned Income Tax Credit.
What does this mean? It means that even though you DID NOT have to file a tax return, usually because your income was too low, you can still get most if not all, of your federal withholding taxes that was withheld from your wages. BUT only if you file your taxes. AND in many cases, single parent families may be eligible for the Earned Income Tax Credit.
(The EIC credit is nothing to joke about. This could be a refund, between, approximately $2,000 to $4,000.)
The law provides most taxpayers with a three-year window of opportunity for claiming a refund. If no return is filed to claim the refund within three years, the money becomes property of the U.S. Treasury. For 2003 returns, the window closes on April 17, 2007. The law requires that the return be properly addressed, postmarked and mailed by that date. There is no penalty assessed by the IRS for filing a late return qualifying for a refund.
Taxpayers seeking a 2003 refund must have filed a tax return for 2004 and 2005 before IRS will send you a refund. Also the refund will be applied to any amounts still owed to the IRS and may be used to satisfy unpaid child support or past due federal debts such as student loans.
Generally, unmarried individuals qualified for the EITC if in 2003 they earned less than $33,692 and had more than one qualifying child living with them, earned less than $29,666 with one qualifying child, or earned less than $11,230 and had no qualifying child. Limits are slightly higher for married individuals filing jointly.
Over 1.8 Million people are due a refund, however they have not filed their 2003 tax return and cannot claim the refund.
In order to collect the money you have to file no later then Tuesday, April 17, 2007.
IRS estimates that half of those who could claim refunds would receive more than $611. In some cases, individuals had taxes withheld from their wages, or made payments against their taxes out of self-employed earnings, but had too little income to require filing a tax return. Some taxpayers may also be eligible for the refundable Earned Income Tax Credit.
What does this mean? It means that even though you DID NOT have to file a tax return, usually because your income was too low, you can still get most if not all, of your federal withholding taxes that was withheld from your wages. BUT only if you file your taxes. AND in many cases, single parent families may be eligible for the Earned Income Tax Credit.
(The EIC credit is nothing to joke about. This could be a refund, between, approximately $2,000 to $4,000.)
The law provides most taxpayers with a three-year window of opportunity for claiming a refund. If no return is filed to claim the refund within three years, the money becomes property of the U.S. Treasury. For 2003 returns, the window closes on April 17, 2007. The law requires that the return be properly addressed, postmarked and mailed by that date. There is no penalty assessed by the IRS for filing a late return qualifying for a refund.
Taxpayers seeking a 2003 refund must have filed a tax return for 2004 and 2005 before IRS will send you a refund. Also the refund will be applied to any amounts still owed to the IRS and may be used to satisfy unpaid child support or past due federal debts such as student loans.
Generally, unmarried individuals qualified for the EITC if in 2003 they earned less than $33,692 and had more than one qualifying child living with them, earned less than $29,666 with one qualifying child, or earned less than $11,230 and had no qualifying child. Limits are slightly higher for married individuals filing jointly.
IRS has refunds totaling approximately $2.2 Billion dollars for tax year 2003
Over 1.8 Million people are due a refund, however they have not filed their 2003 tax return and cannot claim the refund.
In order to collect the money you have to file no later then Tuesday, April 17, 2007.
IRS estimates that half of those who could claim refunds would receive more than $611. In some cases, individuals had taxes withheld from their wages, or made payments against their taxes out of self-employed earnings, but had too little income to require filing a tax return. Some taxpayers may also be eligible for the refundable Earned Income Tax Credit.
What does this mean? It means that even though you DID NOT have to file a tax return, usually because your income was too low, you can still get most if not all, of your federal withholding taxes that was withheld from your wages. BUT only if you file your taxes. AND in many cases, single parent families may be eligible for the Earned Income Tax Credit.
(The EIC credit is nothing to joke about. This could be a refund, between, approximately $2,000 to $4,000.)
The law provides most taxpayers with a three-year window of opportunity for claiming a refund. If no return is filed to claim the refund within three years, the money becomes property of the U.S. Treasury. For 2003 returns, the window closes on April 17, 2007. The law requires that the return be properly addressed, postmarked and mailed by that date. There is no penalty assessed by the IRS for filing a late return qualifying for a refund.
Taxpayers seeking a 2003 refund must have filed a tax return for 2004 and 2005 before IRS will send you a refund. Also the refund will be applied to any amounts still owed to the IRS and may be used to satisfy unpaid child support or past due federal debts such as student loans.
Generally, unmarried individuals qualified for the EITC if in 2003 they earned less than $33,692 and had more than one qualifying child living with them, earned less than $29,666 with one qualifying child, or earned less than $11,230 and had no qualifying child. Limits are slightly higher for married individuals filing jointly.
Over 1.8 Million people are due a refund, however they have not filed their 2003 tax return and cannot claim the refund.
In order to collect the money you have to file no later then Tuesday, April 17, 2007.
IRS estimates that half of those who could claim refunds would receive more than $611. In some cases, individuals had taxes withheld from their wages, or made payments against their taxes out of self-employed earnings, but had too little income to require filing a tax return. Some taxpayers may also be eligible for the refundable Earned Income Tax Credit.
What does this mean? It means that even though you DID NOT have to file a tax return, usually because your income was too low, you can still get most if not all, of your federal withholding taxes that was withheld from your wages. BUT only if you file your taxes. AND in many cases, single parent families may be eligible for the Earned Income Tax Credit.
(The EIC credit is nothing to joke about. This could be a refund, between, approximately $2,000 to $4,000.)
The law provides most taxpayers with a three-year window of opportunity for claiming a refund. If no return is filed to claim the refund within three years, the money becomes property of the U.S. Treasury. For 2003 returns, the window closes on April 17, 2007. The law requires that the return be properly addressed, postmarked and mailed by that date. There is no penalty assessed by the IRS for filing a late return qualifying for a refund.
Taxpayers seeking a 2003 refund must have filed a tax return for 2004 and 2005 before IRS will send you a refund. Also the refund will be applied to any amounts still owed to the IRS and may be used to satisfy unpaid child support or past due federal debts such as student loans.
Generally, unmarried individuals qualified for the EITC if in 2003 they earned less than $33,692 and had more than one qualifying child living with them, earned less than $29,666 with one qualifying child, or earned less than $11,230 and had no qualifying child. Limits are slightly higher for married individuals filing jointly.
posted by zzzzzzzzzzz at
3:08 AM
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