Claim a Tax Refund for Previous Years

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Did you know that the average repayment amount in 2019 was approximately $ 2,781? It is expected to be a little higher in 2020. Are you waiting for a tax refund? Important: If you have not filed your IRS 2016 tax return and expect a tax refund, you must do so before July 15, 2020. Beyond that date, you can no longer claim your refund for 2016. In other words, you have three years to file a tax return and claim your refund, and you won’t have a late filing penalty for doing so. So now we will talk about claim a tax refund for previous years.

How to claim a missing tax refund payment

  • If your refund check was returned to the IRS, you can change your address online through the IRS website.
  • If you can’t update your mailing address online, download Form 8822 and send it to the address on the tax form.
  • Next time, get your taxes and sign up for direct deposit. It is more accurate and you will get your refund faster!

IRS Unclaimed Tax Refunds

The IRS estimated that there were almost $ 1.4 billion in unclaimed tax refunds for fiscal year 2015. Unfortunately, it is too late to claim a refund on the 2015 return. The number of unclaimed refunds is expected for the return of 2016 be older. Don’t miss a refund due! It is estimated that on July 1.2, 2020, he claimed his refund for 1.2 million taxpayers who did not file the 2016 IRS / Federal Tax Return or the Form 1040 Federal Income Tax Return.

You may have thought that your income was so low that you did not have to prepare and calculate or file a tax return. Even if this happened, did you know that you may still qualify for a tax refund? For example, you may have had a job and taxes were withheld every month, but you did not file a tax return because you did not have enough income. Yes, you can claim this money in the form of a tax refund. Or no taxes have been withheld, but you may qualify for a refundable EIC (Earned Income Tax Credit).

So how do you check the status of your prior year tax refund after filing your return with the IRS?

Get ready because many of you don’t like Plan B. You should call the IRS. Of course, you don’t want to mail your return and call your lunch time the next day. The IRS insists that you stay out for at least 6 weeks after submitting your callback and verifying status. When you call, make sure you find the following helpful

  • fiscal year
  • social Security number
  • marital status
  • exact refund amount

You can call 1-800-829-1040 and follow the advice for a live representative. The person you speak to will have direct access to your tax return and can provide you with a status update.

Can you get tax information from the previous year from the IRS?

There are a few times when you may find yourself in a situation where you must provide a copy of the tax return from the previous year. For example, you may be applying for a home mortgage loan and need proof of income or have been displaced and sleep better at night knowing you have a copy in your home on file. However, in most circumstances, this information will be converted to a paper transcript. Before visiting the IRS website, make sure you have the following information ready:

  • social Security number
  • date of birth
  • an address that is currently on file with the IRS
  • ZIP code currently on file with the IRS
  • type of transcription required
  • fiscal year

 

Before you go, I hope this article claim a tax refund for previous years is helpful for you.

 

 

 

 

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