Last chance to claim up to $6,557 from the IRS: Who is eligible, how to request it and when’s the deadline
The IRS is reminding taxpayers not to leave money on the table, perhaps as much as $6,557. Here’s who’s eligible, how to request payment, and the deadline.
While some people continue to wait for their tax refund from 2022 federal tax return to the Internal Revenue Service (IRS) , millions of Americans still have not claimed payments for 2019.
The federal tax collection agency has issued a final reminder to all citizens who have not filed their 2019 tax returns. According to the IRS, there are $1.5 trillion in unclaimed refunds, corresponding to almost 1.5 million taxpayers who have not made their declaration for said year.
Upon catching up on their tax obligations, these taxpayers could be eligible for a refund of possibly up to $6,557, depending on their personal situation. “Time is running out for more than a million people to get their tax refunds for 2019,” said IRS Commissioner Danny Werfel.
Last chance to claim up to $6,557 from the IRS: Who is eligible, how to apply and deadline
The deadline to file your 2019 tax return and, therefore, be eligible for the refund, is July 17. Although the average payment amount is $893 dollars, the truth is that in some states, such as Idaho, the median is $758, while in others, such as Massachusetts, it amounts to $966.
However, there are a large number of low- and moderate-income workers who can receive up to $6,557 if they qualify for the Earned Income Tax Credit (EITC); these would be those whose income in 2019 was below the following thresholds:
You may also be interested in: Can you claim both EITC and Child Tax Credit?
If eligible taxpayers do not file by July 17, the money will become the property of the US Treasury Department. To claim the payment, you must submit form 1040 or 1040-SR, as applicable, for tax year 2019.
It is worth mentioning that checks can be withheld if taxpayers have not filed their tax returns for the years 2020 and 2021.