March 15, 2018 3:21 am

$1.1 billion in 2014 Refunds Waiting to Be Claimed

Time is running out for taxpayers who are owed refunds for 2014 to claim them. They must file a 2014 income tax return no later than April 17, 2018, in order to obtain a refund. The IRS points out that many low- and moderate-income workers may be eligible for the Earned Income Tax Credit (EITC) worth as much as $6,143, which is a refundable tax credit (payable in excess of any tax liability). But these workers can’t receive a refund for the credit unless they file a tax return; the IRS won’t simply send out refund checks to eligible taxpayers.

Tax forms and schedules for 2014 can be obtained through the IRS website ( Those who need W-2s for that year should contact their employers. Those unable to get missing W-2s and other information returns can order a free wage and income transcript from the IRS using the Get Transcript Online Tool ( or file Form 4506-T with the IRS.

Tax Glossary


The legal transfer of property, rights, or interest to another person called an assignee. You cannot avoid tax on income by assigning the income to another person.

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