Why Should I File an Income Tax Return if I Don’t Owe Any Money?

Even if you don’t owe any taxes, you may qualify for tax credits that would result in a refund.

For example, the Earned Income Tax Credit (EITC) and Child Tax Credit both provide refundable tax credits. This means that, if the amount of a refundable tax credit is more than the amount of taxes due, the difference will be given back to you as a tax refund.

By not filing a tax return, an individual is missing out on the opportunity¬†to receive¬†“free money.”

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