Taxpayers at risk of missing out on permanent $832 payment

TAXPAYERS are at risk of missing out on a permanent $832 payment – and must act before a deadline in April. The IRS has confirmed that over 1 million Americans are missing a trick that would net them a tidy sum, and it depends where you live.GettyThe IRS has confirmed that over 1 million Americans are missing a trick that would net them a tidy sum, and it depends where you live[/caption]According to the IRS’ website, 1.

1 million American taxpayers still have unclaimed tax refunds from the 2021 financial year.Overall, it is thought that more than $1 billion needs to be given out – and it’s easy to get your share. The law states that taxpayers have three years to file their tax return for a certain year.

Any unclaimed refunds after that point become automatic property of the US Treasury. It is important to note that taxpayers seeking a 2021 tax refund may have it held if they have not filed tax returns for 2022 and 2023.As a result, every state has a set median amount to be given out as a tax refund, depending on how many people have not filed in that area.

One state in particular is giving away an average refund of $832 per person, out of a massive $3,464,100 prize pot. When the IRS first reported this in the middle of March, an estimated 3,600 people in Alaska hadn’t filed their 2021 tax returns.They have until April, 15 to do so, along with the thousands of others across the country.

The US Sun reported on this money-maker recently, focusing on Georgia, which has one of the larger amounts to give out in the US. Georgians can grab an estimated $720 from a $33.515,300 total.

Filing a tax form doesn’t have to be as complicated as it sounds.There are plenty of ways to ensure that no mistakes are made when filing, and what tools you can use to do so.FILE YOUR TAXES RIGHTThe US Sun recently reported on some common errors that can occur when filing your taxes.

For example, one of the easiest mistakes to make is submitting incorrect personal details.This could be inputting the wrong Social Security number or even misspelling a name.It might sound too easy to be true, but if you accidentally give the wrong birthday, your form could be flagged by the IRS.

It is also important to get the math right, which can be done with the help of an online tax tool.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.

Most people who overestimate their refund do it out of a lack of knowledge, so ensuring everything is accurate is key. Dawn Delia, Federal tax attorney at Delia Law, told USA Today: “It’s easy to mistype a digit or letter, especially when using tax software or filling out forms manually.“Additionally, your name on the tax return must exactly match what’s on your Social Security card — adding or omitting a middle initial, for example, can lead to confusion.

“A misplaced decimal point or an extra zero can drastically affect your refund or result in you owing more taxes than necessary.”GettyWhen the IRS first reported this in the middle of March, an estimated 3,600 people in Alaska hadn’t filed their 2021 tax returns[/caption].