This mistake is costing taxpayers $1.4 Billion in federal tax refunds


Maurie Backman, The Motley Fool Published 8:37 a.m. ET April 4, 2019

Are you leaving money on the table?

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are required to submit a return. If your income is low enough, the IRS doesn’t mandate that you file one.

But that doesn’t mean it wouldn’t pay to submit a return nonetheless. If you do file a return, you might manage to make some money from it if you wind up eligible for that pay you back, even when your tax liability would otherwise be $0.

In fact, it’s estimated that taxpayers are owed a whopping $1.4 billion in refunds from the 2016 filing season. The reason likely stems from the fact that filers who were eligible for

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