The Internal Revenue Service calculates that there are almost $1.5 billion funds in unclaimed 2019 tax refunds, and is encouraging people to apply by the deadline set for July 17, according to a news release.
The IRS offers multiple options for filing tax returns for unclaimed 2019 tax refunds. (Photo: MarketWatch)
How to Get Your Unclaimed 2019 Tax Refunds?
To ensure a smooth process in claiming your unclaimed 2019 tax refunds, taxpayers are advised to gather all necessary documents, including W-2 forms, 1099 forms, and other income statements. It’s crucial to double-check all information for accuracy and completeness before submitting the tax return, according to the Washington Examiner.
The IRS offers multiple options for filing tax returns for unclaimed 2019 tax refunds. Taxpayers can file electronically through IRS Free File or use commercial tax software. Additionally, those who prefer a traditional approach can still submit paper forms by mail. It’s important to note that the July 17 deadline applies specifically to unclaimed 2019 tax refunds.
For taxpayers who have unclaimed refunds from other years, different deadlines may apply. To avoid missing out on potential refunds, individuals are encouraged to file their tax returns promptly for each tax year.
In light of the ongoing COVID-19 situation, the IRS continues to prioritize the health and safety of taxpayers and employees. As a result, in-person assistance may be limited or unavailable in some areas. However, the IRS provides various online resources and tools to assist taxpayers in navigating the process of unclaimed 2019 tax refunds.
READ ALSO: Tax Credits For Small Businesses: See If You’re Eligible!
What happens if you miss the deadline for getting your unclaimed 2019 tax refunds?
Taxpayers who miss the deadline to claim their unclaimed 2019 tax refunds will forfeit their right to receive the money.
The unclaimed 2019 tax refunds will then become the property of the U.S. Treasury. Therefore, it is crucial for eligible individuals to act promptly and take advantage of this opportunity to collect their rightful refunds.
In conclusion, taxpayers have a limited time left to claim their unclaimed tax refunds from 2019. The IRS is urging eligible individuals to file their tax returns before the July 17 deadline to ensure they receive their unclaimed 2019 tax refunds.
By promptly gathering the necessary documents and utilizing the available resources, taxpayers can maximize their chances of receiving their rightful refunds. Don’t let the deadline slip away – act now to claim what you’re owed!
READ ALSO: Harris County Pledges $7.7M To Aid Mobile Home Communities In Flood-Prone Areas
