The Internal Revenue Service (IRS) has reported that 1.4 billion dollars in reimbursements are still waiting to be claimed by people who have not filed federal tax returns for 2015.
The IRS estimates that approximately 1.2 million taxpayers who did not file a 2015 federal income tax return on Form 1040 could be waiting to claim their reimbursement for which they must file their 2015 tax returns with the IRS on the dates set for this fiscal year, whose deadline is Monday, April 15, except for the taxpayers of Maine and Massachusetts who have until April 17, 2019.
"We try to connect more than one million people with their share of $ 1.4 billion in 2015 unclaimed tax refunds," said Charles Rettig, IRS Commissioner. "Some students, part-time workers and many others may not have filed their 2015 tax return. There is no penalty for filing a late tax return if a refund is owed."
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The amount of reimbursement that the IRS estimates on average per person for 2015 is $ 879, which means that half of the reimbursements are more than $ 879 and half are less.
It should be remembered that if you have not filed a federal tax return, the law gives most taxpayers a three-year opportunity to claim a tax refund. If they do not file a tax return within three years, the money becomes the property of the United States Treasury. For 2015 tax returns, the window closes on April 15, 2019 for most taxpayers. The law requires taxpayers to mail the tax return and make sure it is postmarked on that date.
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