Monday is the last chance to claim your 2019 tax refund
If you forgot to file your taxes during the early days of the Covid-19 pandemic in 2020, you have until Monday to do so. Nearly 1.5 million taxpayers may still be eligible for a tax refund from tax year 2019, according to the Internal Revenue Service. The agency estimates that almost $1.5 billion in refunds remain unclaimed. By law, taxpayers normally have three years to file and claim their tax refunds.
They can also a request a wage and income transcript at IRS.gov using the Get Transcript Online tool. How much money is at stake The IRS estimates the average unclaimed refund for tax year 2019 amounts to $893. “Many low- and moderate-income workers may be eligible for as much as $6,557 if their 2019 income qualifies them for the Earned Income Tax Credit ,” per the agency. The tax credit is refundable, meaning that those who don’t owe any tax can still receive a refund.
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