Internal Revenue Service (IRS) encouraged eligible taxpayers to file for 2019 taxes to receive a portion of an estimated $1.5 billion in unclaimed tax refund.
Eligible Taxpayers to Receive Unclaimed Tax Refund for 2019 Earnings
The estimated unclaimed tax refund for 2019 earnings is $1.5 billion, wherein eligible taxpayers will be entitled to approximately $1,006 if they successfully filed their taxes in 2019.
The unclaimed tax refund occurred when the COVID-19 pandemic coincided with the tax season during 2020, leading to the extension of the tax filing for the year 2019 until July 2023, and those individuals who will fail to file for the tax refund will lose their chance to receive the cash.
Alaska reportedly had the most taxpayers who have 2019 unclaimed tax refund, and several states from the Northeastern part of the United States are included in the list of states with the highest number of taxpayers with unclaimed tax refund.
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How to File the 2019 Tax Returns and be Eligible for Unclaimed Tax Refund
The eligible taxpayers must have the documents needed, including copies of W-2 and 1099 forms for 2019 earnings before they file the 2019 tax returns in the same process as how they are currently filling this year, the Martinsville Bulletin reported.
Following the filing of the 2019 tax returns, eligible taxpayers who will file for the unclaimed tax refund will receive the cash within 21 days, while others who filed via mail will receive the cash after almost four weeks.
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