1 week Ago By James Evenden
AMERICANS are at risk of missing out on a $936 check if they don’t meet the April 15 deadline.The 2025 tax season is nearly finished, but there is still time to grab a little-known cash bonus – see how you can right now. Americans are at risk of missing out on a $936 check if they don’t meet the April 15 deadlineGettyThe IRS has confirmed that over 1.
1 million Americans can still get unclaimed refunds if they did not file their tax return for 2021.It has been estimated that nearly $1 billion of unclaimed tax refunds will be left by the April 15 deadline if people do not submit their Form 1040.The law states that taxpayers have three years under normal circumstances to submit their tax return, and if they don’t, the refund goes to the US Treasury.
The IRS estimates the median refund amount is $781 for 2021. but different states will be set different amounts.Luckily, all you need to do to claim your cash from your 2021 form is fill it in by the deadline and send it off with your 2024 one.
The IRS reminds taxpayers seeking a 2021 tax refund that their refunds may be held if they have not filed tax returns for 2022 and 2023.Those in the state of Massachusetts are eligible for one of the highest 2021 refunds, with a median amount set at $936.In that state, an estimate of $26,581,100 is due to be given out to the 27,000 people who still need to file.
Elsewhere, New York state has the highest amount set at $995, closely followed by Pennsylvania at $993. At the other end, Idaho citizens have the lowest median amount, set at $649. There are more things to consider than where you live, however, as your filing status can have a huge impact on your return.
There are different thresholds to qualify for Earned Income Tax Credit (EITC), a scheme designed to help taxpayers with children.Being aware of the thresholds is very important before you submit, as you could be eligible for more cash if you have a certain number of kids.The thresholds are:$51,464 ($57,414 if married filing jointly) for those with three or more qualifying children;$47,915 ($53,865 if married filing jointly) for people with two qualifying children;$42,158 ($48,108 if married filing jointly) for those with one qualifying child, and;$21,430 ($27,380 if married filing jointly) for people without qualifying children.
FILING YOUR 2021 TAX RETURNFor many, the tax season is filled with confusion and uncertainty.But the IRS has made it simple for you to fill out and submit a tax form.One of the most common ways to file is online using your own IRS account.
Using this method gives you access to things like transcripts of your prior returns, tax account information and income statements.Or, you can request the necessary tax forms and fill them out manually.2025 Tax SeasonTax season started on January 27 and folks must have theirs completed filed on April 15.
Those who fail to file by that time may face penalties.However, taxpayers who need more time may file for an extension – this gives them until October 15.The way to do this is by filling out Form 4868, the Application for Automatic Extension of Time To File U.
S. Individual Income Tax Return. This can be done by mail, online with an IRS e-filing partner, or through a tax professional.
While there’s no set schedule, the IRS revealed that taxpayers may receive refunds within 21 days of filing.Just be sure to avoid making mistakes on any forms as that could tack on extra time.Those filing through mail will likely get their returns within a month or could even face delays as the IRS processes millions.
As of January 31, the average refund amount totaled $1,928, per the IRS.This is compared to the $1,395 for the same period in 2024.The average direct deposit refund for 2025 was even higher, the IRS said, at $2,069.
To check the status of your refund, The IRS has an online tool called Where’s My Refund? This works within 24 hours of e-filing and generally within four weeks of filing a paper return.There are plenty of tax tips available on the website you for to take advantage of too, as reported by The US Sun. One little known tool can help you track your cash and avoid delays as the deadline nears.
Using the online tool Where’s My Refund?, you can check the status of your income tax refund within 24 hours of e-filing.If you are submitting a paper return, it would normally take about four weeks.To do this, you will need your Social Security number or your induvial taxpayer ID number, your filing status and the refund amount calculated on your tax return.
GettyThe IRS has confirmed that over 1.1 million Americans can still get unclaimed refunds if they did not file their tax return for 2021[/caption].
