How To Know If the IRS Owes You Money

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Getting a tax refund can be a nice surprise. Maybe you need the money for an emergency, or you want to pay down some of your debt or save. You might want to buy yourself something you couldn't otherwise afford. But a large number of tax refunds go unclaimed each year for a variety of reasons.

Many Americans leave money on the table each year, often because they're due a refund but didn't file a return to claim it. Learn more about why tax returns go unclaimed and how to find out whether you missed claiming one in the past.

Key Takeaways

  • You may be owed a tax refund from the IRS even if your income is low enough that you don't have to file a tax return.
  • Low-income taxpayers who qualify for the Earned Income Tax Credit are often due a refund.
  • You have three years after the tax filing deadline to file a return for that year and claim your refund.

Why Tax Refunds Go Unclaimed

Millions of income tax refunds go unclaimed. Taxpayers often don't realize they even have a refund coming, so they don't file a tax return. You may not have filed a return because of your income level. You aren't required to file a return unless you earn over a certain threshold over the course of a given tax year.

Whether you have to file a federal tax return in 2023 depends on your income in 2022. The income requirements vary based on your age and filing status. You must file a tax return if your gross income is equal to the amounts the Internal Revenue Service (IRS) sets for your age and your filing status. As of the 2022 tax year, these thresholds were:

  • Single: $12,950
  • Single and age 65 or older: $14,700
  • Married filing separately: $5
  • Head of household: $19,400
  • Head of household and age 65 or older: $22,150
  • Married filing jointly: $25,900
  • Married filing jointly, and one spouse is age 65 or older: $27,300
  • Married filing jointly, and both spouses are age 65 or older: $28,700
  • Qualifying widow(er): $25,900
  • Qualifying widow(er) and age 65 or older: $27,300

It doesn't mean you should skip it just because you don't have to file a tax return because you earn less than this. You might be owed a refund even if your income is below these amounts. More often than not, taxpayers who don't have to file a return would receive a refund if they did.


The IRS indicated in 2019 that an estimated $1.4 billion in tax refunds was still waiting to be claimed for the 2015 tax year alone. Those refunds belonged to individuals who had yet to file returns for that tax year.

Whose Unclaimed Tax Refunds Are These?

There's a wide range of reasons why a tax refund might go unclaimed. There are some patterns, however. The individuals who commonly don't claim their refunds from the IRS include:

  • Students
  • Those who work part time or for only part of the year but have income taxes withheld
  • Self-employed workers with low earnings who make estimated tax payments but don't file a return because their earnings are below the threshold
  • Individuals who fail to file a final return on behalf of a deceased family member who is due a refund
  • Individuals who qualify for the earned income tax credit (EITC) but don't file a return because their earnings are below the threshold

Claiming the Earned Income Tax Credit

A deduction is helpful for reducing the taxes you owe, but a tax credit is even better. It subtracts directly from the tax balance you owe to the IRS, dollar for dollar. A deduction simply reduces the total amount of income that's subject to tax.

The Earned Income Credit can help you by paying back some of the tax you already paid, or by paying you even though you don't owe taxes if you're in a low-income household. Qualifying for this credit is based on your filing status, household income, and the number of child dependents you have.

The maximum credit amount for the 2022 tax year is $6,935. You'd have to file a 2022 return in 2023 to claim it. The tax credit is refundable, so the IRS will send you the money if you don't owe taxes or if you owe less than this threshold.

How To Claim Your Unclaimed Tax Refund

You might want to find out whether the IRS owes you money. First, check your records to make sure that you've filed a tax return for each of the last three years that you had earnings. Review your returns for the last three years to make sure they're accurate. Take time to find out whether you were eligible for the Earned Income Credit but didn't claim it.

You may still be able to claim your refund if you didn't file a return in any of the last three years. The law gives you three years after the filing deadline (typically April 15) to file your income tax return and claim a refund. You'll lose your chance to claim your money if you don't file within that time.

You can visit the IRS website or call 1-800-TAX FORM (800-829-3676) to get your tax returns for previous years. Claiming your refund could be as easy as filing returns for the last three years if you've overlooked a refund or if you qualified for the earned income credit but didn't claim it.

Frequently Asked Questions (FAQs)

What are some other refundable tax credits I might be able to claim if I file a return?

A portion of the Child Tax Credit is refundable as of the 2022 tax year. This credit is worth up to $2,000 for each of your child dependents, but it's also subject to income requirements. You can't claim it if you earn too little, or if you earn no income at all. The refundable portion works out to 15% of your earnings over $2,500 as of the 2022 tax year, per child.

What if I filed a return and was due a refund but I never received it?

You can check the Where's My Refund? tool on the IRS website if you were expecting a refund but never received it. Tax refund checks are mailed to your last known address if you don't request direct deposit into your bank account. They can be returned to the IRS if you move and fail to provide your new address to the IRS or to the U.S. Postal Service. You can update your address online or by filing Form 8822, which is available online.

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The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy.
  1. IRS. "Publication 501, Dependents, Standard Deduction, and Filing Information."

  2. IRS. "Refunds of $1.4 Billion Waiting to Be Claimed by Individuals Who Have Not Filed Federal Income Tax Returns for 2015."

  3. IRS. "Earned Income Tax Credit Income Limits and Maximum Credit Amounts."

  4. IRS. "Don't Lose Your Refund by Not Filing."

  5. Center on Budget and Policy Priorities. "Policy Basics: The Child Tax Credit."

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