![]() Refundable Credit For Prior Year Minimum Tax.While filing taxes from past years seems like a hassle, non-filers from 2017 may want to consider turning in their tax return - even if they aren't required to according to their income level - since they could be missing out on tax credits and other money.Īccording to TurboTax, non-filers forgo the chance to receive the Earned Income Tax Credit (EITC), since the only way to get it is to file a tax return. This might include people who earned below the minimum income levels in 2017 and were not required to file taxes, or those who missed the deadline for other reasons. The IRS gives a maximum window of three years before you lose out on your unclaimed return. Typically, if you skip your taxes one year, you can file for an extension and file late. ![]() The IRS reports there's still roughly $1.3 billion in unclaimed tax refunds for those who didn't file a return in 2017.
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