Failing to file your 2020 tax return by May 17 also means missing out on the Earned Income Tax Credit, which for 2020 was worth as much as $6,600 for taxpayers with qualifying children, according ...

An estimated 2,600 Rhode Island residents are still owed a total of about $3 million in refunds from the IRS for the 2020 tax year, after they failed to file tax returns at the time.

So what are the odds of getting audited? Very low. Only 0.2% of all individual income tax returns filed for the 2020 tax year faced an audit, according to the most recent data available from the IRS.

Do you need to keep all of your old tax returns? Here's how to securely save them without renting a huge storage unit.