Susan Tompor: Big money awaits many who forgot to file 2017 tax returns

About 1.3 million taxpayers across the country might want to think about filing their 2017 federal income tax returns by May 17. The Internal Revenue Service said tax refunds that total $1.3 billion are owed to people who have not filed a 2017 federal income tax return. Yes, we’re talking about unfiled tax returns from a few years ago that could trigger a decent tax refund. Yes, unfortunately you might not get to spend all that money since it might go directly to cover past due taxes, too. The IRS estimates the midpoint for the potential refunds for 2017 to be $865 — that is, half of the refun…

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HEDGE accordingly