Don’t Leave Your Money on the Table
Many people didn’t file a tax return for 2021 because they weren’t required to. If that sounds like you, you might be missing out on substantial refunds from refundable tax credits. The good news? There’s still time to claim your money—but not for long.
The IRS allows a three-year window to claim refunds, and for 2021 tax returns, that deadline is April 15, 2025. If you haven’t filed yet, now is the time to act!
What You Could Be Missing
Earned Income Tax Credit (EITC)
The Earned Income Tax Credit (EITC) was especially generous in 2021 due to COVID-19 relief measures. Depending on your income, filing status, and number of qualifying children, you could be eligible for:
- $1,502 (no children)
- Up to $6,728 (three or more qualifying children)
Even if you had little or no taxable income, you might still qualify. Many taxpayers miss out on this refund simply because they don’t know they are eligible.
Child Tax Credit (CTC)
The 2021 Child Tax Credit was another enhanced benefit:
- $3,000 per child under 18 at the end of 2021
- $3,600 per child under age 6
Unlike previous years, these credits were fully refundable, meaning you could receive the money even if you owed no taxes. If you didn’t file in 2021, you could be missing out on thousands of dollars!
Video: Why You Should File Now
Below is a short video explaining why filing your 2021 tax return could put money back in your pocket.
The Deadline is Fast Approaching
If you think you might be eligible, it’s crucial to file as soon as possible. Don’t assume you don’t qualify—let a tax professional take a second look!
How to Claim Your 2021 Refund
If you haven’t filed your 2021 taxes yet, here’s what you need to do:
- Gather Your Documents – Collect any W-2s, 1099s, or other income-related documents from 2021.
- Check for Credits – Review your eligibility for EITC, CTC, and other refundable credits.
- File Your Return – You can file electronically or by paper, but it must be done by April 15, 2025.
- Get Professional Help – A tax expert can ensure you claim every dollar you’re entitled to.
Don’t Miss Out—Act Now!
Every year, millions of dollars in refunds go unclaimed simply because people don’t realize they qualify. If you didn’t file a 2021 return, it’s worth taking another look.
Time is running out—contact our office today to get started before it’s too late!
JS Morlu LLC is a top-tier accounting firm based in Woodbridge, Virginia, with a team of highly experienced and qualified CPAs and business advisors. We are dedicated to providing comprehensive accounting, tax, and business advisory services to clients throughout the Washington, D.C. Metro Area and the surrounding regions. With over a decade of experience, we have cultivated a deep understanding of our clients’ needs and aspirations. We recognize that our clients seek more than just value-added accounting services; they seek a trusted partner who can guide them towards achieving their business goals and personal financial well-being.
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