IRS owes 25,000 Alabamans an average of $800: Are You Eligible?

Hikaru M.

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Internal Revenue Service

According to the Alabama Department of Revenue, the Internal Revenue Service owes an average of $800 to 25,000 Alabamans. Coming up next, we'll share a list of persons who are qualified to receive such benefits.

Since the beginning of 2018, approximately 25,000 Alabamans have fallen behind on their tax obligations, with an average balance of just under $800 per person.

As many as 1.5 million taxpayers who did not submit a 2018 Form 1040 federal income tax return may be eligible to receive around $1.5 billion in unclaimed refunds; however, they must do so by April 18, 2019. As of this writing, 24,474 Alabamans owe an average of $796 each, according to state records.

As stipulated by law, the three-year timeframe for submitting a claim for these reimbursements expires on April 1 of this year. Rettig stated that the Internal Revenue Service (IRS) wishes to assist taxpayers in collecting their refunds, but they must complete a 2018 tax return by the IRS is a critical date.

Approximately half of the available refunds will be greater than $813, with the other half being less than $813, according to Internal Revenue Service forecasts for 2018.

According to federal legislation, an income tax refund can be sought for a period of up to three years. If this does not occur, the money is transferred to the Treasury of the United States of America. Because of state holidays in Maine and Massachusetts, taxpayers in those states get an extra day to file their 2018 tax returns.

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