IRS Tax Refund 2019: IRS Owes 1.5 Million Americans A Refund!

IRS Tax Refund 2019 – The Internal Revenue Service (IRS) estimates that there are still 1.5 million Americans who have the potential to receive a tax refund for the 2019 tax year. The IRS has extended the deadline to file a return for 2019 until July 17, 2023, News Channel 5 reported.

IRS Tax Refund 2019
IRS Tax Refund 2019, IRS Owes 1.5 Million Americans A Refund. (PHOTO: Max Life Insurance)

IRS Tax Refund 2019 Amounts

As per the IRS, the typical unclaimed refund amount is $893 per taxpayer, which is slightly lower than the average refund of $2,869 that was issued during the 2019 tax season. In total, the IRS estimates that about $1.479 billion is owed to Americans in unclaimed refunds for the 2019 tax year. The Earned Income Tax Credit, which has a potential value of up to $6,557, may also apply to numerous workers with low to moderate incomes.

IRS Commissioner Danny Werfel urged taxpayers to start gathering their records and file their 2019 tax returns as soon as possible to avoid missing the July 17 deadline. He emphasized that individuals such as students, part-time workers, and those with limited income may unintentionally neglect to file their tax returns, resulting in being unaware of potential refunds owed to them. Obtaining the necessary documents, such as W-2 forms from employers and tax transcripts from the IRS, is crucial in filing a complete and accurate return.

It’s important to note that refunds may be withheld if a taxpayer has not filed their 2020 or 2021 tax return. Additionally, refunds can be used to offset debts such as unpaid child support or past-due student loans, as per the IRS.

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Check Records and File Claims of IRS Tax Refund 2019

As the deadline approaches, taxpayers need to check their records, gather the necessary documents, and file their 2019 tax return to claim their refund. The IRS estimates that half of the 1.5 million people owed a refund would receive over $893, which could be a significant amount of money for many Americans. Don’t miss out on money that is rightfully yours – take action now to claim your IRS tax refund for 2019 before it’s too late!

In conclusion, the IRS estimates that 1.5 million Americans are owed a tax refund for the 2019 tax year, and time is running out to claim this money. With the extended deadline of July 17, 2023, taxpayers should act promptly to gather their records and file their 2019 tax return to avoid missing out on their refund. The median amount for unclaimed refunds is $893 per filer, and many low- and moderate-income workers may also be eligible for the Earned Income Tax Credit. Remember to file your 2019 tax return and claim your refund before the deadline to ensure you receive the money that is rightfully yours.

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