“Have you filed your taxes yet?”
This seems to be a constant question among friends and family this time
of year - until April 15. The question really should be more specific: “Have
you filed ALL of your taxes yet?” April 15 is the deadline for about
918,000 taxpayers to claim almost $760 million dollars in 2010 refund
money. The three-year window to catch up closes on any chance for taxpayers to
claim their 2010 refund at the end of this tax season.
For whatever reason, if you didn’t file, get your forms together and head
to a Liberty Tax office near you. Sure, it might
take a day or two to gather the information, but how much do you make each day?
Is it more than $571? And it’s possible your 2010 refund could be worth more
It is a misconception to not file your taxes because you think you
didn’t make enough money. Maybe you overpaid in taxes and should get money
back. Or worse. You could be losing out on major credits that are refundable,
like the Earned Income Tax Credit (EITC).
The EITC helps over 30 million low- to
moderate-income, working Americans. Millions of Americans, who suddenly
experience lower wages, may find themselves eligible to claim the EITC for the
The limits for the earned income
credit and maximum available refund amounts in 2010 were:
- $43,352 ($48,362 married filing
jointly) with three or more qualifying children
- $40,363 ($45,373 married filing
jointly) with two qualifying children
- $35,535 ($40,545 married filing
jointly) with one qualifying child
- $13,460 ($18,470 married filing
jointly) with no qualifying children
the EITC has no effect on welfare benefits, the Supplemental Nutrition Assistance Program (SNAP) or low income housing eligibility.
Tax can help you even if you can’t locate your forms, such as your W-2 or 1099.
Just call and set up an appointment. To find a local Liberty Tax Service
office, call 1-866-871-1040 or visit our homepage to
search for offices in your city.
never know what amount of money may be awaiting you!
Disclaimer: Every effort has been
taken to provide the most accurate and honest analysis of the tax information
provided in this blog. Please use your discretion before making any decisions
based on the information provided. This blog is not intended to be a substitute
for seeking professional tax advice based on your individual needs.