If you didnt file an income tax return earlier this year, check your mailbox.
It could mean serious money for you.
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Whos Eligible for This Money From the IRS?
Who are these 9 million people who could be eligible to get thousands of dollars from the IRS?
To be blunt, were mostly talking about low-income households.
Every year, millions of eligible taxpayersfail to claim tax credits that theyre eligible for.
All of those potential tax credits and things can be a lot to keep track of.
(Your AGI is the amount of your income thats subject to federal income taxes.
Its your income minus tax deductions and adjustments like retirement plan contributions.)
Eligible taxpayers could also claim a $1,400 stimulus payment for each dependent.
That included dependent college students, disabled adult children or parents you were supporting.
But they still have to file their taxes to get the rest of the money theyre eligible for.
How Do You Claim Your Money?
So in this case, your ultimate deadline will be in April 2025.
But realistically, you should make a run at do it by mid-November.
Like always, you oughta gather some forms before filing your tax return.
That includes W-2s and 1099s.
So dont worry about that.
That letter could mean serious money for you.
But to get to terminate the deal, youve got to be prepared to take action pretty soon.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
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