The "advice" calls for taxpayers to claim large income and withholding amounts in order to receive a larger tax refund.
The IRS estimates that more than $1 billion in refunds remain unclaimed by taxpayers who have not filed their Form 1040.
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has urged all residents in the territory to file their annual income returns before the deadline of March 31st, 2025.
In Michigan, it comes to more than $37.3 million in unclaimed 2021 refunds for 40,300 Michiganders; the median refund is $854, the report said. Those numbers do not include tax credits you may have ...