2022 Tax Filing Deadline Passed But There Are Unclaimed Refunds From 2019 Tax Year

The official deadline for filing 2022 federal taxes has just passed. If you managed to get your taxes filed on time, congratulations. I’m sure you feel a sense of relief.

However, there are quite a few people who have not filed their taxes from 2019. And the IRS has just released a notice saying that among those who have not filed their taxes since 2019, there are unclaimed tax refunds totaling about $1.5 billion. Granted, that was a tough year for everyone with the whole world being in the grips of the COVID-19 pandemic during the typical tax filing season.

Read more HERE.

With everything that happened in 2020, I’m not surprised to hear that so many refunds have gone unclaimed. Apparently, the average median refund is $893. If you go to the IRS website you’ll be able to see a state-by-state calculation showing how many people are potentially eligible for the refunds in your state.

The IRS says that they often see students, part-time workers and others with low income forgetting to file a tax return never realizing they may be owed a refund. But it’s not too late. There’s still time to start gathering past records and file those 2019 taxes by July 17, 2023. Once that date has passed, those refunds become the property of the U.S. Treasury.

If you need help filing back taxes, whether you’re in the position of being owed a refund or whether you know you owe outstanding taxes, give us a call. Chances are if you haven’t filed your 2019 taxes, you probably haven’t filed in a few years. We can help you get on the right side of the IRS and maybe even get you some of those $1.5 billion dollars sitting in the IRS coffers.