Hola Bird

Main Menu

  • Latino Finance
  • Latino Loans
  • Hispanic Mortgages
  • Latino Economies
  • Capital

Hola Bird

Header Banner

Hola Bird

  • Latino Finance
  • Latino Loans
  • Hispanic Mortgages
  • Latino Economies
  • Capital
Capital
Home›Capital›Deadline for $ 1.3 billion in unclaimed tax refunds

Deadline for $ 1.3 billion in unclaimed tax refunds

By Eric P. Wolf
April 7, 2021
0
0

through: Bobby stilwell, Nexstar News Wire

Posted: Apr 6, 2021 / 7:28 PM CDT
/ Update: Apr 6, 2021 / 7:28 PM CDT

Getty Images

(WHNT) – If you did not file a tax return in 2017, you may still be able to file and get a refund if you act before the deadline.

The IRS said Monday that the agency is sitting on $ 1.3 billion in reimbursements owed to approximately 1.3 million taxpayers who have not yet filed.

The law gives taxpayers a three-year window to file a return for previous years.

‘Higher’ Stimulus Check Payments: How They Work and Who Is Eligible


“The IRS wants to help taxpayers who need to be reimbursed but have not yet filed their 2017 tax returns,” IRS Commissioner Chuck Rettig said. “Time is running out for these taxpayers. There is only a three-year window to claim these refunds, and the window ends on May 17th. We want to help people get those refunds, but they’ll have to file a tax return for 2017 quickly. ”

IRS officials estimate the midpoint for returns to be $ 865, which means half of unsent refunds are over $ 865 and half are below $ 865.

For taxpayers who send their return by post, it must be stamped no later than May 17.

Fourth stimulus check: another payment could lift millions out of poverty


Checks can be withheld if filers did not deposit in 2018 or 2019, and will be applied to any debts owed to the IRS or state tax agency, as well as child support unpaid or federal debt, such as student loans.

Eligible taxpayers can also receive the earned income tax credit, up to a value of $ 6,318.

People with incomes less than the following amounts are eligible for the credit:

  • $ 48,340 ($ 53,930 if you are married and filing jointly) for those with three or more eligible children;
  • $ 45,007 ($ 50,597 if you are married and filing jointly) for people with two eligible children;
  • $ 39,617 ($ 45,207 if you are married and filing jointly) for those with an eligible child, and;
  • $ 15,010 ($ 20,600 in the case of a joint marriage) for persons without eligible children.

Forms for current and previous tax years can be found on the IRS website or by calling (800) IMPT FORM.

Filers missing a W-2, 1098, 1099, or 5498 should request them from the appropriate organization (such as their employer, bank, or other payer). If the copies cannot be obtained directly from the organization, they can be requested through the IRS, either in line or by filling out form 4506-T.

State-by-State Estimates of People Who May Be Eligible for Income Tax Refunds in 2017 (by IRS)

State or Valued Median Total
District Number of Potential Potential
People Refund Refunds *
Alabama 21,700 $ 848 $ 21,542,300
Alaska 5,000 $ 960 $ 5,527,400
Arizona 32,900 $ 766 $ 30,655,500
Arkansas 12,600 $ 811 $ 12,150,900
California 132,800 $ 833 $ 129,793,500
Colorado 27,000 $ 813 $ 26,020,400
Connecticut 13,200 $ 928 $ 13,945,100
Delaware 5,200 $ 853 $ 5,254,600
District of Colombia 3,600 $ 878 $ 3,765,500
Florida 89,600 $ 870 $ 89,767,400
Georgia 46,300 $ 791 $ 44,234,300
Hawaii 7600 $ 913 $ 7,827,400
Idaho 6,200 $ 727 $ 5,572,300
Illinois 49,000 $ 901 $ 50,355,300
Indiana 30,800 $ 894 $ 31,291,100
Iowa 13,500 $ 922 $ 13,851,800
Kansas 13,400 $ 865 $ 13,313,500
Kentucky 17,700 $ 875 $ 17,612,600
Louisiana 21,700 $ 837 $ 21,659,900
Maine 5,300 $ 853 $ 5,158,000
Maryland 26,700 $ 872 $ 27,241,700
Massachusetts 28,000 $ 978 $ 30,469,100
Michigan 43,100 $ 863 $ 43,189,300
Minnesota 20,400 $ 808 $ 19,400,200
Mississippi 11,800 $ 776 $ 11,087,800
Missouri 30,500 $ 831 $ 29,778,200
Montana 4,400 $ 808 $ 4,255,500
Nebraska 7,200 $ 853 $ 6,982,000
Nevada 15,500 $ 845 $ 15,310,600
New Hampshire 5,900 $ 968 $ 6,391,000
New Jersey 34,200 $ 924 $ 35,778,700
New Mexico 9,000 $ 837 $ 8,913,100
new York 66,700 $ 956 $ 71,361,600
North Carolina 43,500 $ 837 $ 42,307,200
North Dakota 3,600 $ 958 $ 3,779,100
Ohio 48,700 $ 852 $ 47,892,500
Oklahoma 19,800 $ 869 $ 19,890,300
Oregon 21,200 $ 765 $ 19,733,900
Pennsylvania 50,900 $ 931 $ 52,861,200
Rhode Island 3,600 $ 921 $ 3,792,500
Caroline from the south 16,800 $ 768 $ 15,740,900
South Dakota 3,600 $ 912 $ 3,665,500
Tennessee 27,100 $ 851 $ 26,534,100
Texas 133,000 $ 904 $ 138,355,200
Utah 11,100 $ 771 $ 10,251,900
Vermont 2,600 $ 852 $ 2,505,200
Virginia 36,600 $ 827 $ 36,159,900
Washington 36,900 $ 928 $ 38,924,900
West Virginia 6,400 $ 946 $ 6,769,600
Wisconsin 18,900 $ 798 $ 17,759,900
Wyoming 3,100 $ 944 $ 3,273,400
Totals 1 345 900 $ 865 $ 1,349,654,800

Suggest a correction

Related posts:

  1. Are coronavirus stimulus checks a loan?
  2. Forget Bitcoin: This TSX Stock Is Up 325% Since April 2020
  3. A couple built an apartment above their garage. Ann Arbor officials want more.
  4. With loans of just $ 10, this startup has built a financial services powerhouse in emerging markets – TechCrunch

Recent Posts

  • Crypto can be a driver for racial equity
  • Special Feature: “Eyewitness News Guide to Inflation”
  • Kentucky attorney general files case for 2023 gubernatorial race
  • Annual Latino Conference moves to Allentown – Times News Online
  • New U.S. Funding Wins Six Stevie® American Business Awards®

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021

Categories

  • Capital
  • Hispanic Mortgages
  • Latino Economies
  • Latino Finance
  • Latino Loans
  • Terms and Conditions
  • Privacy Policy