im an unmarried college student making less than $11000 a year. since i was and currently am employed at the time, my taxes were deducted from my paycheck by my employer.
so basically the governmet owes me money(tax refund).
is it still possible to get my tax refund?
2006-10-05 04:09:00 · 4 answers · asked by fhzaheer 1 in Business & Finance ➔ Taxes ➔ United States
J L is correct. Usually you can only go back 3 years for a refund, so its best not to wait. However, you most likely have a tax liability for that income, especially if you were still a dependent of someone else, so don't expect to get it all back. Unless you made less than $8200 in 2005 and - I think - $8000 in 2004 you were required to file. If you actually owe taxes, you will be hit with penalties and interest. Don't forget about state income taxes too - either way.
2006-10-05 09:44:22 · answer #1 · answered by curious george 5 · 1⤊ 0⤋
Yes, you still have time to file those returns. A penalty might apply, but the bigger threat is you might lose your refund.
You only have 3 years from the date they were due to claim a refund, meaning a refund from 2004 (due 4/15/05) expires if not filed by 4/15/08.
2006-10-05 04:40:42 · answer #2 · answered by sjoschko 3 · 0⤊ 0⤋
Yes, it is still possible to get your refund. And if you are entitled to a refund, there is no penalty assessed because they owe you money instead of vice versa. The longer you take to file your return, the more interest the federal goverment earns on your money. File! File! File!
2006-10-05 05:10:59 · answer #3 · answered by J L 2 · 1⤊ 0⤋
Yes, you can still get a refund. You might be charged a penalty for not filing on time.
It has been a while since I looked at this, but I think there is an IRS form you need to include with your late filing. You can find out at IRS.GOV
2006-10-05 04:18:44 · answer #4 · answered by txrealestateagent 3 · 0⤊ 1⤋