Ohio Residents: File Your 2020 Federal Tax Returns by May 17th to Claim Your Refund
Don’t Miss Out: Over 31,400 Ohioans Risk Losing $909 Median Refund
Over 31,400 Ohioans are reminded to file their 2020 federal – returns by May 17th in order to be eligible for a sizable refund from the federal government. If this deadline is not met, the government will forfeit the $909 median refund that is still awaiting claims. Approximately 940,000 people nationwide owe roughly $1 billion in total, with a $932 median return. Low- and moderate-income individuals, such as students and part-time jobs, are the main beneficiaries of these refunds because they may have neglected to file their returns because of their restricted income status.
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2020 Federal Tax Refund Before Deadline Approaches – Claim Now!(PHOTO: getty images)
Uncover Potential Savings: Learn About the Earned Income Tax Credit for 2020
The IRS says if you’re eligible, you might get a big tax credit called the Earned Income Tax Credit, which could be as much as $6,660 for 2020. But remember, if you owe taxes for 2021 or ’22, your refund might be held back. Also, if you owe money for things like taxes, child support, or student loans, your refund could be used to pay those off. To make it easier, gather your tax documents from work or your bank, or get transcripts from the IRS online. Even if it takes a bit longer to get all your info, it’s important to check all your options and file your taxes on time to claim your refund before the deadline.
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