Linda Geist, Writer, Extension Communications; Story source: Andrew Zumwalt, Assistant Extension Professor & Associate State Specialist, University of Missouri Extension
University of Missouri Extension personal finance specialist Andrew Zumwalt gives three reasons why you should file a tax return even if it is not required.
First, you might get a refund of taxes withheld from a paycheck or pension, Zumwalt says. Also, some tax credits generate a refund. Examples include the Earned Income Credit, Additional Child Tax Credit and American Opportunity Credit. You can learn more about these credits at www.irs.gov.
Second, you lower the chance that the IRS will audit you…
To learn more about why you should file a tax return, see the full version of this article at http://missourifamilies.org/
