Taxes Solving Tax Issues How to Know if the IRS Owes You Money By Deborah Fowles Deborah Fowles Deborah Fowles was a financial planning and budgeting expert for The Balance who spent over a decade contributing her expertise. She worked in a variety of fields prior to diving into writing, including pathology and marketing. In addition to publishing two books about personal finance, she wrote poetry, for which she won the Poetry Guild's Award for outstanding poetry composition in 1997. learn about our editorial policies Updated on January 15, 2022 Reviewed by Ebony J. Howard Reviewed by Ebony J. Howard Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. learn about our financial review board Fact checked by Ariana Chávez Fact checked by Ariana Chávez Ariana Chávez has over a decade of professional experience in research, editing, and writing. She has spent time working in academia and digital publishing, specifically with content related to U.S. socioeconomic history and personal finance among other topics. She leverages this background as a fact checker for The Balance to ensure that facts cited in articles are accurate and appropriately sourced. learn about our editorial policies Share Tweet Pin Email In This Article View All In This Article How Tax Refunds Go Unclaimed Whose Unclaimed Tax Refunds Are These? Claiming the Earned Income Tax Credit How to Claim Your Unclaimed Tax Refund Photo: Tara Moore / Getty Images Getting a tax refund can be a nice surprise. Maybe you need the money for an emergency, want to pay down some of your debt or save, or want to buy yourself something you couldn't otherwise afford. 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, this is 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 Even if your income is low enough that you don't have to file a return, you may be owed a tax refund from the IRS.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. How Tax Refunds Go Unclaimed Millions of income tax refunds go unclaimed. Often, taxpayers don't realize they even have a refund coming, so they don't file a tax return. You may not have filed a tax return because of your income level. You aren't required to file a return unless you earn over a certain amount during the course of the tax year. Whether you have to file a federal tax return in 2022 depends on your income in 2021. The income requirements vary based on your age and filing status. If your gross income is equal to the amounts the Internal Revenue Service (IRS) sets for your age and filing status, you must file a tax return. Single: $12,550Single and age 65 or older: $14,250Married filing separately: $5Head of household: $18,800Head of household and age 65 or older: $20,500Married filing jointly: $25,100Married filing jointly, and one spouse is age 65 or older: $26,450Married filing jointly, and both spouses are age 65 or older: $27,800Qualifying widow(er): $25,100Qualifying widow(er) and age 65 or older: $26,450 Just because you don't have to file a tax return, that doesn't mean you should skip it. 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. In 2019, the IRS indicated 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, though, among those people who are owed unclaimed returns. The most common individuals who don't claim their refunds from the IRS include: Students Workers 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 credit 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, dollar for dollar, whereas a deduction simply reduces the total amount of income that's subject to tax. If you are in a low-income household, the Earned Income Credit can help you by paying back some of the tax you already paid, or paying you even though you don't owe taxes. Whether or not you qualify for this credit is based on your filing status, household income, and the number of child dependents you have. The maximum credit for filing taxes in 2021 is $6,728. This amount is refundable, which means the IRS will send you the money if you don't owe taxes or if you owe less than this threshold. You could be shortchanging yourself out of a sizeable tax refund if you're eligible and don't file a return to claim it. Note If you are claiming the Earned Income tax Credit, and your filing status is Married Filing Separately, you must be eligible under the special rule in the American Rescue Plan Act (ARPA) of 2021. 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. If you didn't file a return in any of the last three years, you may still be able to claim your refund. The law gives you three years after the filing deadline (typically April 15) to file your income tax return and claim a refund. If you don't file within that time limit, you lose your chance to claim your money. 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. You can also 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. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources 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. Internal Revenue Service. "Publication 501, Dependents, Standard Deduction, and Filing Information." Internal Revenue Service. "Refunds of $1.4 Billion Waiting to Be Claimed by Individuals Who Have Not Filed Federal Income Tax Returns for 2015." Internal Revenue Service. "Earned Income Tax Credit Income Limits and Maximum Credit Amounts." Internal Revenue Service. "Don't Lose Your Refund by Not Filing."