Tax agency will forgo some late fees for people who were affected by health crisis, with average refund of $750.
The Internal Revenue Service is sending refunds to more than a million Americans who filed their taxes late in the early days of the COVID-19 pandemic. Taxpayers have until September 30 to take advantage of this reprieve, the agency said on Monday.pay penalties
More than 1.6 million taxpayers are set to receive refunds or credits totaling $1.2 billion — an average of $750 per person, although some may get more and some less. Taxpayers who have yet to file returns for 2019 and 2020 can still have penalties forgiven — as long as their returns are filed by September 30, 2022. That gives late filers just over two weeks to wrap up outstanding returns.The effort is a move to"help struggling taxpayers affected by the COVID-19 pandemic," according to the IRS. The plan could also help the agency, which is struggling to dig itself out of a massive backlog of unprocessed tax returns.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Charles doesn't have to pay inheritance tax on $750 million estateKing Charles doesn't have to pay inheritance tax on the Queen's private estate worth more than $750 million
Weiterlesen »
How inflation could affect 2023 tax brackets: You may get an unexpected 'tax cut,' in a wayWe are headed for about a 7% inflation adjustment to 2023 tax brackets – maybe more depending on how inflation pans out through September. Here are the inflation-adjusted guesstimates for your 2023 tax year.
Weiterlesen »
Illinois starts sending property, income tax rebates to 6M taxpayers, Gov. JB Pritzker saysGovernor JB Pritzker announced the rollout of 2022 Illinois tax rebates. About 6 million taxpayers will get property and income tax rebate checks.
Weiterlesen »
Exchanges criticized for 'nothingburger PR' posts on upcoming LUNC tax burnDespite its effort to temporarily burn spot trading fees for its LUNC/USDT pair, MEXC still got criticized by a Twitter user demanding a permanent burn.
Weiterlesen »
Domestic Halloysite To Save Electric Vehicle Tax CreditElectric vehicle makers in the US could get an assist from halloysite to ramp up their domestic supply chains.
Weiterlesen »