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April deadline approaching for taxpayers to claim 2018 refund
The IRS has $1.5 billion in unclaimed income tax refunds relating to taxpayers who did not file their 2018 federal income tax return.
The Internal Revenue Service has claimed that income tax refunds totaling almost $1.5 billion may be waiting for approximately 1.5 million taxpayers who did not file their 2018 federal income tax return.
The IRS estimates that half of the unclaimed refunds are for more than $813 each.
“The IRS wants to help people who are due refunds but haven’t filed their 2018 tax returns yet,” said IRS Commissioner Chuck Rettig. “But people need to act quickly. By law, there’s only a three-year window to claim these refunds, which closes with this year’s April tax deadline. We want to help people get these refunds, but they need to file a 2018 tax return before this critical deadline.”
Taxpayers who fail to file their taxes not only miss out on tax refunds, but could also potentially be missing out on other benefits like stimulus payments.
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Date published Mar 30, 2022 | Last updated Jul 22, 2022
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