US EditionThe IRS Has Issued a Whopping $145 Billion in Tax Refunds so Far
- The IRS announced that over 1.1 million taxpayers are due a share of more than $1 billion in unclaimed refunds for the 2021 tax year, which will revert to the U.S. Treasury if unclaimed.
- Federal law dictates a three-year window to claim unfiled tax refunds, making April 15, 2024, the deadline to claim 2021 refunds.
- Many low- and moderate-income workers may be eligible for refunds on taxes withheld, potentially benefiting from the Earned Income Tax Credit , which was worth up to $6,728 for eligible taxpayers with qualifying children in 2021.
- The IRS urges eligible taxpayers to file quickly, stating 'By missing out on filing, taxpayers could be leaving hundreds or even thousands of dollars on the table'.
- The IRS provides options for taxpayers missing necessary tax documents, including requesting copies from employers or payers, filing Form 4506-T for a wage and income transcript, or accessing transcripts online or by mail.
18 Articles
18 Articles
Taxpayers With Unclaimed 2021 Refunds Face April 15 Filing Deadline: IRS
Taxpayers who failed to submit their 2021 tax year returns may still be eligible for refunds if they file soon enough, according to the U.S. Internal Revenue Service (IRS). “Over 1.1 million people across the nation have unclaimed refunds for tax year 2021 but face an April 15 deadline to submit their tax returns,” the agency said in a March 11 statement. The total value of these unclaimed refunds is calculated to be more than $1 billion. “The I…
Time is running out for taxpayers to claim $1B in refunds from 2021
The IRS is warning the public that $1 billion in unclaimed 2021 tax refunds remain because about 1 million taxpayers haven't filed tax returns for that tax year as an April 15 deadline looms.
The famous sentence that there are only two certainties in life – death and taxes – clearly does not apply to tax refunds paid within predictable time frames. At least not this year.
What If I Can’t Pay My 2024 Taxes? Here Are Your Options
It’s tax time, which has a lot of Americans rushing to get their taxes done to collect what they hope will be a sizable refund. But not every taxpayer is quite so lucky, and many of them end up owing some amount of taxes at the end of the year. If they end up with […] The post What If I Can’t Pay My 2024 Taxes? Here Are Your Options appeared first on 19FortyFive.
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