A press release on the IRS website states that refunds of more than one billion dollars could be waiting for those who didn’t file for 2008. Again, the deadline is April 17, 2012. The average amount–$637. Hey, that’s quite a chunk of change these days.
Of course, there is no penalty for late filing when the government owes you money. So send your return, properly addressed, mailed, and postmarked by the deadline to receive some extra spending money.
Also according to the IRS, if you didn’t receive an economic stimulus payment in 2008, and didn’t file a federal tax return for that year, you could additionally qualify for a Recovery Rebate Credit.
And finally, the IRS says, many low-income and moderate-income workers may not have claimed their Earned Income Tax Credit (EITC). To find out the income thresholds for the EITC and for more information on the late filing of returns, please visit www.irs.gov.