The IRS is Refunding a Staggering $1.2 Billion in Late Filing Fees
If you didn’t file for 2019 or 2020, you have until Sept. 30, 2022
There might be a check coming in the mail if you were late filing a 2019 or 2020 federal return. In a one-time offer, the Internal Revenue Service (IRS) is refunding $1.2 billion in late filing penalties for those tax years.
This unprecedented relief is an acknowledgment of the difficulties taxpayers have faced during the pandemic. While in ordinary filing seasons the IRS penalizes taxpayers for procrastination, the agency is signaling that it realizes that’s too harsh for many people who may have struggled to file their returns because of the pandemic.
The average refund in failure-to-file penalties will be about $750, according to the IRS.
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