Didn’t Get a Tax Refund This Year? Uncle Sam Might Be Looking For You
If you're more worried about turkey, pies and grocery bills than your taxes this week, you're not alone. But there's a reason you might want to take time out from your hectic holiday schedule to check on your tax situation - especially if you're looking for ways to help lower debt, say Chicago bankruptcy attorneys.
Turns out that more than 100,000 Americans are eligible for a piece of a $164 million pie that the IRS is hoping to serve up this fall. That's the amount of tax refunds that couldn't be delivered this year due to incorrect addresses.
Think you might be among the lucky few? Find out by going to the official IRS "Where's My Refund?" website. But make sure to be cautious of refund scams. Remember, the IRS doesn't e-mail taxpayers or request personal information via the phone.
So what if you already received your refund this year - and now it's gone? Or what if you paid taxes, even though you were desperately hoping for money back? That doesn't mean you're out of options. If you're looking for ways to cut back this holiday season, check out some of our past tips on making a spending plan, lowering costs and saving money. If you can swing it, you may be able to lower your tax bill next year by squeezing a few extra payments in this year - for instance, paying January's mortgage in December or making a charitable donation in coming weeks.
Of course, if you're like many Americans, you're already struggling to make the payments you owe now - let alone the ones you'll owe next month. Sometimes it doesn't matter how much you earn or save, because existing debts continue to drag your finances down. But there's a way to take back control. Bankruptcy can help you start lowering your balance while also protecting your home from foreclosure. Find out if bankruptcy can make everything easier - from your taxes to your monthly bills - when you try a free one-on-one debt analysis with one of our Chicago bankruptcy attorneys.