Thanks to main media and even the IRS, many people are familiar how on Americans miss over $1 billion dollars each year in unclaimed tax returns (missing tax credits, lost or undelivered checks, not filed return when there is a refund, etc.). Remember that if a tax refund is not claimed within the three-year period,
We told you already back in May 2025, but now it’s a reality. This shift is part of the government’s broader transition to electronic payments—a change we previously warned our readers about in our earlier blog post Federal Payments Are Going Fully Digital. The IRS and U.S. Treasury have officially announced that paper refund checks
We are almost at the end of tax season 2024 and some taxpayers are waiting for their refunds, but what about the government taking that money? There are certain scenarios where the government can take your refund. This process, called a tax refund offset, is managed by the Treasury Offset Program (TOP) and might happen
In the mid year report to Congress, National Taxpayer Advocate Erin M. Collins stated that there are significant delays for victims of identify theft, which subsequent delays on their refunds. As reported in the IR-2024-173, the average time to resolve the identify theft when up from 19 months in 2023 to 22 months in April
The IRS reminded taxpayers in mid June 2023 that the deadline to claim their 2019 refunds is approaching. The deadline is July 17, 2023. Note that the IRS has extended their refund window as usually it is three years. However, the three year window for 2019 was extended due to the Covid-19 pandemic. If no
On an email reminder sent last week, the City of Philadelphia requires businesses to give notifications to their employees about a) The Federal Earned Income Tax Credit (EITC) and b) Philadelphia Wage Tax Refund Program on electronic or printed copy and no later than February 1, 2022. The Federal Earned Income Tax Credit (EITC)
The IRS is providing more and more tools for the taxpayers to access their information online, calculate Child tax credit, or estimate their w2 withholdings (employees). The withholding estimator is a series of questions (it is a long process as it is really detailed), but it might help you estimate your w2 withholdings better. If
Taxpayers can access the Where's My Refund? tool two ways: Visiting IRS.gov - https://www.irs.gov/refunds Downloading the IRS2Go app To use the tool, taxpayers will need: Their Social Security number or Individual Taxpayer Identification number Tax filing status The exact amount of the refund claimed on their tax return The tool displays progress in three phases: Return
For those taxpayers that filed their taxes before the $10,200 unemployment exclusion was approved in the middle of the 2020 tax season, the IRS will automatically recalculate the Federal taxes and plans to start issuing refunds in May 2021. From the official IRS guidance, we can read: "... This law change occurred after some people filed
In the IRS Issue number IR-2021-75, the IRS indicates that there is $1.3 billion of refunds that have not been claimed by the taxpayers in 2017. Keep in mind, that the law provides a three-year window to claim a refund. Normally, April 15, 2021, is the deadline to claim a refund from tax year 2017
