HERE’S HOW YOU CAN FILE YOUR FEDERAL INCOME TAX RETURN 2019 AND GET REFUNDED BEFORE JULY 17, 2023
Only two weeks remain for taxpayers who failed to submit their Federal Income Tax Return 2019 to recoup any of the $1.5 billion that is rightfully theirs.
WASHINGTON — For 1.5 million taxpayers who failed to file their Federal Income Tax Return 2019, time is rapidly running out.
On Friday, the Internal Revenue Service (IRS) advised people to file their Federal Income Tax Return 2019 and request refunds by the July 17 deadline. According to the government, there are almost $1.5 billion in unclaimed tax refunds from the 2019 tax year.
The deadlines for claiming rebates from previous years often come in April, and taxpayers (individuals) have a three-year window to do so. Due to the COVID-19 pandemic, the three-year window starting in 2019 was moved to July 2023.
If a taxpayer doesn’t submit their returns within the allotted three years (from 2019), the funds pass into the hands of the U.S. Treasury.
The organization projects that taxpayers will repay $893 on average starting in 2019.
There are some people who would be qualified if they file their Federal Income Tax Return 2019, for the Earned Income Tax Credit, which was worth up to $6,557 for the 2019 tax year, but they did not file a return. The following were the 2019 EITC income thresholds:
Those with three or more qualified children may receive $50,162 ($55,952 if married and filing jointly); $46,703 ($52,493 if filing jointly with a spouse) for parents with two eligible children; $41,094 ($46,884 if filing jointly with a spouse) for people with a single qualifying kid, and;
For those without qualifying children, the exemption is $15,570 ($21,370 if married filing jointly).
In order to file your Federal Income Tax Return 2019, you can download the 2018 versions of Forms 1040, 1040-A, and 1040-EZ on IRS.gov website.
Can I file my 2019 income tax return in this year (2023)?
Even so, there are a few options available from the Internal Revenue Service if you wish to file your Federal Income Tax Return 2019 before the deadline on July 17.
If at all possible, taxpayers should gather the data needed to file the Federal Income Tax Return 2019 well in advance of the due date to save time and hassle. For those who have not formally filed their 2020 and 2021 duty forms, refunds can be delayed. Refunds, according to the IRS, will be used to pay off any obligations owed to them or a state court, as well as to satisfy any past-due civil bills like student loans and unpaid child support.
Here are a few tips from IRS on filing a past return:
- Request copies of important documents in order to file Federal Income Tax Return 2019: Taxpayers can ask their employer, bank, or other payers for copies of Forms W-2, 1098, 1099, or 5498 if they are missing for the purpose of the tax years 2019, 2020, or 2021.
- Use the IRS tool to order a free wage and income transcript: Taxpayers who are unable to acquire the appropriate paperwork from their employers or other payers may use the IRS.gov Get Transcript Online tool to submit a request for a free wage and income transcript. This is by far the quickest and simplest choice for many taxpayers.
- Request a transcript: An additional option is to file Form 4506-T with the IRS to obtain a “wage and income transcript,” which shows details from returns that the IRS has received, including Forms W-2, 1099, 1098, Form 5498, and information on IRA donations. The transcript data can be used by taxpayers to finish their tax returns. The IRS suggests obtaining a transcript as early as possible since the process could take several weeks.
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