$900 IRS refund: Who’s eligible and how to claim it before July 17
More than one million taxpayers have until July 17 to claim an IRS tax refund of nearly $900. Find out if you qualify to receive this amount.
In late June, the Internal Revenue Service issued a reminder to the nearly 1.5 million people nationwide who are eligible to file a claim tax refund of nearly $900. Find out who can receive it and how to request it.
$900 IRS refund: Who’s eligible and how to claim it before July 17
The IRS says it has millions of refunds that remain unclaimed because people haven’t filed their 2019 tax returns yet. According to the agency, the average refund is $893.
To claim it, taxpayers have to meet the July 17 deadline to submi their return.
“Time is running out for those taxpayers who may have a refund pending”, according to IRS Commissioner Danny Werfel.
“The deadline ends July 17 for taxpayers who did not file a 2019 tax return. The IRS continues to encourage those who may have missed filing taxes during the pandemic to act quickly before losing their last chance to claim a substantial refund,” he added.
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Under the law, taxpayers have three years to file and claim their past tax refunds. If you don’t file a return within three years, the money becomes the property of the US Treasury Department.
However, in the case of 2019 tax returns, people have had more time than usual to file and claim their refunds. This is due to the emergency caused by the COVID-19 pandemic.
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Taxpayers can also claim up to $6,557 of the EITC
In addition to refunds, low- and moderate-income working taxpayers may be eligible for the Earned Income Tax Credit. For the 2019 tax year, this tax credit amounted to $6,557. Taxpayers also have until July 17 to claim it when filing their 2019 return.
The 2019 refund may be withheld if taxpayers have not filed tax returns for 2020 and 2021. The refund amount could also be decreased if there are taxes or penalties owed to the IRS or to a state tax agency. It can also be used to offset unpaid child support or past-due federal debts, such as student loans.
For more information, visit the website of the Internal Revenue Service.