In April, the IRS revealed that over 1.5 million Americans still qualified for tax refunds of up to $900.
Some low- and moderate-income households might also be qualified for the Earned Income Tax Credit, so it might not only be a $900 refund (EITC). The credit amount for the 2019 tax year was $6,557.
Over 1.5 Million Americans Still Eligible for Unclaimed Tax Refunds
The IRS believes that because Americans haven’t submitted their 2019 tax forms, nearly $1.5 billion in refunds are still unclaimed.
The IRS reports that the typical refund is $893. You qualify if you haven’t submitted your 2019 tax return; the amount is an average refund.
To be eligible for this funding, taxpayers must file their tax returns for the 2019 fiscal year by July 17.
Because of the covid-19 pandemic, many filers missed the deadline, said IRS Commissioner Danny Werfel, who also noted that the agency wants taxpayers to claim these refunds, but time is running out.
Under the Forms, Instructions & Publications part of the IRS website, you may find all current and past year tax forms and instructions, including Forms 1040 and 1040-SR for tax year 2019.
As an alternative, you can dial 800-829-3676 toll-free.
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Claim Your Unclaimed Tax Refunds Before July 17
Taxpayers are given a three-year window by law to file their returns and get refunds.
The funds become the property of the US Treasury Department if they are not returned within three years.
People have had more time than normal to file their tax forms and request their refunds for the 2019 tax year.
The three-year window for 2019 unfiled returns was extended to July 17, 2023, because of the COVID-19 pandemic emergency.
This implies that those who haven’t already done so have until that day to file their 2019 tax returns.
The good news is that some people might be eligible for close to $900.
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