10 Common Tax-Filing Mistakes That Cost You Big Time

Not Filing

The law says that people with low incomes (less than $10,350 for singles and $20,700 for joint filers) don’t have to file federal tax returns.

If federal taxes were taken out of your paycheck, though, you can get a refund and should definitely file for it!

The IRS is now holding more than $1 billion in unclaimed refunds from taxpayers who don’t file a return.

If no one requests their refund for a while that money turns into property of the U.S. Treasury. If you are eligible for a tax refund why not take advantage of it?

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