Several taxpayers with unclaimed tax refunds have to file their previous tax returns until July 17 to be eligible for refunds.
Eligible Taxpayers Who Successfully Filed Their Tax Returns Will Get Up To $900 Unclaimed Tax Refunds
Several eligible taxpayers who have successfully filed their previous tax returns will receive up to $900 as part of the $1.5 billion unclaimed tax refunds from the 2019 tax year.
According to the Internal Revenue Service (IRS), the unclaimed tax refunds reached a billion after the COVID-19 pandemic and its impact, which postponed the tax returns in the 2019 tax year, and several eligible taxpayers have already forgotten to file their previous tax returns.
The eligible taxpayers should file their previous tax returns because if they failed, they will no longer be entitled to it, and the unclaimed tax refunds worth $1.5 billion will become the Treasury’s property.
Several Taxpayers are Encouraged to File Their Previous Tax Returns Until July 17 to Be Eligible for Unclaimed Tax Refunds and Earned Income Tax Credit
Aside from the unclaimed tax refunds, several taxpayers are encouraged to submit their previous tax returns to be eligible for the Earned Income Tax Credit, increasing the refunds they will receive.