WASHINGTON -- 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. The original tax day in 2020 was delayed by 90 days due to the pandemic, so the usual three-year window has also been pushed back to July 17.
There is no penalty for filing late if a taxpayer is owed a refund, according to the IRS.
If taxpayers don't file in time, Treasury keeps the money.
The 2019 return must be filed on paper, rather than electronically, and be postmarked by July 17.
Tax year 2019 forms can be found online on the IRS Forms, Instructions and Publications page or by calling 800-TAX-FORM.
Taxpayers who can't find their 2019 income information may need to request a copy of their 2019 W-2 form from their employer or bank. They can also a request a wage and income transcript at IRS.gov using the Get Transcript Online tool.
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 (EITC)," per the agency. The tax...
Two former Cincinnati high school football players have been sentenced to prison in a $6.8 million fraud scheme. Andrew Kerobo and Deonta "Tay Ocho" Belser initially faced a total of 40 counts rela...