IRS announces 12-day deadline for taxpayers to claim 2019 refunds.

The Clock is Ticking: Claim Your Tax Refund Now!

The Internal Revenue Service (IRS) has issued a final notice for taxpayers to seize their chance to claim tax refunds from 2019. With only 12 days left, time is running out for those who are owed money by the government.

“The final window closes on July 17 for taxpayers who didn’t file a tax return for 2019 to claim their refund. The IRS continues to urge people who may have overlooked filing during the pandemic to act quickly before they lose their final chance to claim a potentially substantial refund,” said IRS Commissioner Danny Werfel.

The IRS is reminding taxpayers in the United States to file their tax return for the tax year 2019 by July 17. There are approximately 1.5 million people who have unclaimed federal refunds, with an estimated median refund of $893.

For low- and moderate-income employees, there is an opportunity to qualify for the earned income tax credit (EITC), which can be worth up to $6,557 if their 2019 income meets the requirements. The EITC is a valuable tax break that takes inflation into account each year for both part-time and full-time employees.

To be eligible for the EITC, taxpayers must have an income below a certain threshold. For single individuals without qualifying children, the income limit is $15,570. For single individuals with one qualifying child, the limit is $41,094. If applicants are married or filing jointly with one child, the limit is $46,884. More detailed guidelines and income limits can be found on the IRS webpage.

It’s important to note that the amount of each individual’s refund will depend on their household’s tax status.

The IRS also highlighted that if taxpayers have not filed their tax returns for 2020 and 2021, their 2019 tax refunds may be held. Generally, taxpayers have up to three years to file and claim their refunds before the money is kept by the Treasury.

“People have more time than usual to file tax returns to claim their refunds for tax year 2019,” stated the IRS. “The three-year window for 2019 unfiled returns was postponed to July 17, 2023, due to the COVID-19 pandemic emergency.”

To obtain key documents for their 2019 forms, taxpayers can request copies from their employer or bank, or order an income transcript through the IRS government website. The IRS also offers a free wage and income transcript through the Get Transcript Online tool.

According to the IRS, California and Texas have the highest estimated number of people who may have unclaimed refunds, with over 100,000 individuals in each state potentially entitled to a tax refund.

Don’t Miss Out on Your Refund!

Time is of the essence! Act now to claim your tax refund from 2019 before it’s too late. Visit the IRS website for more information and take advantage of this final opportunity to secure your potentially substantial refund.

Click here to read more from The Washington Examiner.

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