If you choose not to file a return because you feel you don’t earn enough to meet the filing requirement, you may miss out on receiving a refund due to potentially eligible tax credits. The most common examples of these refundable credits are the Earned Income Tax Credit and Child Tax Credit Taxpayers often fail to file a tax return and claim a refund for these credits and others for which they may be eligible. The IRS doesn’t impose a penalty for filing after the April 18, deadline if a refund is due. However, some states do charge a penalty for late filing, even when there is a refund due. You can talk to one of our Tax Pros about your options if you feel you’re in this boat.