When you earn income in the United States, whether through a job, business, or even retirement payments like Social Security, you’re required to deal with the IRS—especially during Tax Season. This time of year is crucial for all citizens, regardless of their income type or amount.
Even if you receive Social Security, you still need to be aware of tax rules and deadlines. One key reason is the possibility of getting a tax refund. But to receive it, you must follow the IRS rules carefully and submit everything on time.
With the April 15, 2025 deadline fast approaching, here’s what you need to know to avoid missing out on your refund.
What Is a Tax Refund and Why Do You Lose It?
A tax refund is money the IRS sends you if you paid more taxes than you owed during the year. It’s like getting a small bonus, and for many families, it helps cover extra costs, pay bills, or build savings.
However, you could lose all or part of your refund if:
- You miss the deadline
- You submit incorrect or incomplete information
- You don’t meet the eligibility rules
Even if you qualify for a refund, failing to follow basic IRS requirements could mean that your money stays with the government.
Steps to Make Sure You Don’t Lose Your IRS Tax Refund
With just days left in the 2025 Tax Season, here are simple but important steps you should follow to make sure your refund gets to you without delay:
1. File your return on time
April 15, 2025, is the final day to submit your tax return. If you miss this date, the IRS can charge penalties—and you might lose your refund.
2. Double-check your tax return
Before sending, carefully check your return for errors. Simple mistakes can delay or cancel your refund.
3. File electronically
E-filing is faster, more accurate, and safer. It also allows the IRS to process your return quicker, meaning your refund can come sooner.
4. Use Direct Deposit
When you activate Direct Deposit, the IRS sends your refund directly to your bank account. It’s the fastest way to get your money.
5. Don’t wait until the last minute
Start early to avoid stress or missing documents. If there’s a problem with your return, having time helps you fix it.
Can You Still Get an Extension?
Yes, the IRS offers a filing extension if you apply for it before April 15. But there’s a catch—this extension is only for submitting your documents, not for paying taxes. Any taxes you owe must still be paid by April 15, or you may face interest and penalties.
So, if you think you need more time, file the extension form, but make sure to estimate and pay any taxes you owe by the deadline.