Wednesday, July 5, 2023 – The Internal Revenue Service, or IRS, is making a final call for taxpayers to claim tax refunds for the year 2019. Here’s the story
The IRS has issued a last-minute reminder to taxpayers, urging them to claim approximately $1.5 billion in unclaimed tax refunds from 2019. It is estimated that around 1.4 million individuals who filed their tax returns for that year are yet to collect their refunds.
Many taxpayers don’t realize they only have three years from the tax return due date to claim any tax refunds. Remember 2020? COVID pushed the filing date to July 17th. That means taxpayers have until July 17th of this year to claim any 2019 refunds. Unless you asked for an extension – then the deadline jumps to October 15th.
There is no penalty for filing a late return if a refund is owed. However, time is running out.
Taxpayers who are eligible to claim their refunds for 2019 should act fast. The deadline to submit their tax returns is July 17th or October 15th . After those dates, any unclaimed refunds will become the property of the U.S. Treasury, thank you.
The IRS advises eligible taxpayers to get their 2019 tax returns completed and filed BEFORE the deadline.
The IRS provides various resources on their official website, including forms, instructions, and tools to help taxpayers accurately prepare and file their tax returns. Additionally, free tax-filing assistance programs are available through volunteer organizations.
Most Taxpayers who haven’t claimed their 2019 refunds have until July 15, 2023, to do so. Make sure to gather your documents and file your tax returns promptly to avoid losing out on your unclaimed funds.