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Millions of Americans Eligible for Billions in Covid-Era Tax Refunds
The IRS has set a July 10 deadline for taxpayers to file claims for refunds of interest and penalties accrued during the Covid-19 pandemic. Millions of Americans could be owed a total of billions of dollars. Filing a claim by the deadline is required to receive any owed amounts.
May 15, 1:57 PM·1m read4 sources
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The IRS has established July 10 as the deadline for filing claims for refunds of interest and penalties that accrued on taxes during the Covid-19 pandemic. Millions of Americans could be eligible for a total of billions of dollars in such refunds. Taxpayers must submit a claim to the IRS by the July 10 deadline to receive any amounts owed.
The refunds cover interest and penalties applied to tax liabilities from the pandemic period.
The process begins with filing a formal claim with the IRS.
No further details on required documentation or procedures were provided in the report. Those who do not meet the July 10 deadline will not be able to obtain the refunds. The IRS has not released an official estimate of the total amount potentially due or the exact number of eligible taxpayers.
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