IRS Issues New Refund

It has now been learned that the IRS has just announced they will be sending refunds to over a million Americans who filed their taxes late in the early days of the COVID-19 pandemic.

According to Fox, Nearly 1.6 million tax filers are going to immediately get refunds which will amount to a grand total of $1.2 billion which is around $750 per person.

To qualify, Americans should have filed their tax returns by Sept. 30, 2022.

IRS Commissioner Chuck Rettig explained, “The penalty relief issued today is yet another way the agency is supporting people during this unprecedented time. This penalty relief will be automatic for people or businesses who qualify; there’s no need to call.”

Furthermore, those who were fined but have not paid yet will see their there penalties eliminated.

WATCH:

▶️The IRS announced it will refund $1.2 billion in penalties to 1.6 million tax Americans who filed their 2019 or 2020 tax returns late, including businesses. pic.twitter.com/NOVlgYsTHC

— Yaima Crespo (@YaimaCrespoT62) August 26, 2022