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Practical Money Matters Radio Series

March 14, 2011
Are You Leaving Tax Dollars on the Table?

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With tax season upon us, it pays to know how you can ensure an easier process and secure the biggest refund you can.

Transcript

Over a billion dollars. That’s how much in income tax refunds typically goes unclaimed each year. Sometimes people in a rush to file their taxes overlook credits or deductions to which they’re entitled. Or they don’t bother filing a return because they don’t owe any taxes, but they are due a refund.

Make sure you’re ready long before the April 15th deadline. Get help. Many free options are also available to seniors, military families and low- and middle-income families. Check out the Volunteer Income Tax Assistance Program and the Tax Counseling for the Elderly Program at the IRS website: www.IRS.gov.

Bottom Line: As Ben Franklin said, “Nothing is certain except death and taxes.” But with a little advance preparation, you can make the tax part more bearable.


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