REMINDER: Tomorrow, April 18, is the federal tax filing deadline!
DENVER — Tax Day is almost here, but many families are not getting the full refund they are owed. The IRS estimates 20% of people eligible for the Earned Income Tax Credit are not claiming that money and that credit alone could mean thousands of dollars to families across the country.
This year was the first year he could claim the earned income tax credit, a credit for low- and middle-income earners making up to $21,000 for single filers with no qualifying children and up to $57,000 for filers with qualifying children. The refund can range from a few hundred dollars to several thousand dollars.Farrell and his team want to change that because this year more people can get the credit, and the maximum credit amount is nearly tripled.
“Generally, you can file up to three years of back tax returns. So back to tax year 2018,” said Dickson.
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