The Internal Revenue Service (IRS) reported that $ 1.4 billion in reimbursements are still pending to be claimed by people who have not submitted the federal tax return for 2015.
The IRS estimates that about 1.2 million taxpayers who have not filed a 2015 federal tax return on Form 1040 could wait to claim a refund for which they must file the 2015 IRS tax return on the dates set for this fiscal year, whose expiry is Monday, April 15th, except for tax payers from Maine and Massachusetts who have until April 17th 2019.
"We try to connect more than one million people with their $ 1.4 billion quota in 2015, unclaimed tax refunds," said IRS Commissioner Charles Rettig. "Some students, part-time workers and many others cannot submit their 2015 tax return. There is no penalty for submitting a late tax return if a refund is due."
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The reimbursement amount that the IRS estimates on average per person for 2015 is $ 879, which means that half of the repayments are over $ 879 and half is lower.
It should be remembered that if a federal tax return has not been filed, the law offers most taxpayers a three-year opportunity to request a tax refund. If they do not submit a tax return within three years, the money becomes the property of the United States Treasury. For the 2015 tax returns, the window closes on 15 April 2019 for most tax payers. The law requires taxpayers to send the tax return and make sure it is sent on that date.