The IRS issued a reminder to taxpayers on Thursday that there is still about $1.5 billion in 2019 tax refunds that remain unclaimed, with the deadline to claim these funds set for next month.
The specific deadline set to claim these tax refunds is July 17, after which any unclaimed refunds will become the property of the Treasury. The average median refund one can get from the 2019 tax year was $893, according to a news release from the IRS."Time is running out for more than a million people to get their tax refunds for 2019," IRS Commissioner Danny Werfel said."Many people may have overlooked filing a 2019 tax return due to the pandemic.
The law states that taxpayers typically have three years to file and claim their tax refunds. However, the deadline for the unclaimed 2019 refunds was postponed to next month in response to the coronavirus pandemic. Taxpayers should know that the money they receive from claiming their 2019 refund will be used to pay off any amounts they might still owe to the IRS or another state tax agency. This refund might also be used to pay off any unpaid child support or past-due federal debts, such as student loans.Additionally, taxpayers trying to get a 2019 tax refund should know that their refund checks may be held if they have not filed tax returns for 2020 and 2021.
The median refund that one could get from the 2019 tax refund varies depending on the state one resides in. The largest median refund is in New Hampshire at $974, while the smallest one is in Idaho at $758.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claimYears before he served as the head of the SEC, Gary Gensler offered to be an advisor at Binance, claim lawyers from the crypto exchange.
Leer más »
Fall business travel international flight bookings near 2019 levels -ForwardKeysFlight bookings for international business travel this fall are nearing 2019 levels, in a sign of recovery, according to a travel data firm, but climate concerns and economic clouds could mute demand for work-related trips.
Leer más »
Fall business travel international flight bookings near 2019 levels, ForwardKeys saysFlight bookings for international business travel this fall are nearing 2019 levels, in a sign of recovery, according to a travel data firm, but climate concerns and economic clouds could mute demand for work-related trips.
Leer más »
Man found guilty in 2019 fatal hit-and-run of pedestrian, 52, in Logan HeightsGustavo Reyes, 42, was accused in the death of Maria Estrada Romero, known by some as the 'Tamale Lady' for the food she would make and sell
Leer más »
Binance lawyers allege SEC Chair Gensler offered to serve as advisor to crypto company in 2019Years before he began taking on Binance as head of the SEC, Gary Gensler offered to advise the company, according to the crypto exchange's lawyers.
Leer más »
‘I really do apologize’: Oakland resident gets 12 years for killing man in 2019 bar shootingThe family of 42-year-old Cassius Stroman spoke out against the deal, pointing out the defendant will end up serving one year for every shot he fired.
Leer más »