Taxpayers have less than two weeks to file their 2013 tax returns. And if you are one of the nearly 1 million who didn’t file their taxes for 2010, April 15 is the ultimate D-Day.
April 15 is the last day of a three-year grace period for filing your 2010 taxes. And the stakes are huge – $760 million is up for grabs, Forbes said. If you’re owed a refund, there’s no penalty for filing your taxes late. But if you don’t file by April 15, all unclaimed refunds will be turned over to the U.S. Treasury.
If you meet certain income requirements, you aren’t obligated to file a tax return. But that doesn’t mean you aren’t owed a refund. According to Quicken Loans:
Even if you don’t have to file a tax return, the reality is that it can still be a good idea. Perhaps you have had money withheld from your paycheck. If that is the case, and your income is low enough that you don’t owe, then you have a refund coming.
Forbes said the IRS estimated that more than half of refunds waiting to be claimed are more than $571 each.
Did you file for 2010? It doesn’t hurt to look back, run the numbers and make sure Uncle Sam won’t be making off with refund money that is rightfully yours.