$900 IRS Refund – Income Criteria, Eligibility and How to claim?

The average unclaimed tax refund is close to a $900 IRS refund. That being said, this money will not be disbursed by the IRS automatically. Should you be due a previous refund, you must submit back taxes to get it before the deadline.

$900 IRS Refund 

The IRS believes you may be owed hundreds or thousands of dollars, but you have limited time to file a claim. Refunds are owed to around 1.5 million taxpayers for 2019. You must file for the 2019 tax year by July 17 to get the funds.

According to Danny Werfel, the commissioner of the Internal Revenue Service, the agency is urging anybody who may have neglected to file during the epidemic to do so before the deadline passes and they miss out on a possibly hefty return.

The IRS estimates that the typical unclaimed refund is around $900, although low- and moderate-income workers may be entitled to an amount exceeding $6,500 if their income makes them eligible for the Earned Income Tax Credit.

$900 IRS Refund Income Criteria 

The IRS is making significant efforts to spread the word that it wants to give you money. There are only a few days left for you to claim your money, but if you qualify, you might get $900 or more. 

A “final reminder” has been sent by the IRS to roughly 1.5 million individuals about unclaimed refunds for the 2019 tax year; the anticipated amount is $1.5 billion. $893 is the median refund. You must file your 2019 return before July 17, 2023, to be eligible for the reimbursement.

If you are qualified for the Earned Income Tax Credit, your 2019 refund can be larger. The income criteria are as follows:

  • $50,162 ($55,952 if filing jointly with a spouse) for individuals who have three or more eligible children
  • $46,703 ($52,493 if filing jointly if married) for individuals with two eligible children
  • $41,094 ($46,884 if filing jointly if married) for individuals with a single eligible kid
  • $15,570 ($21,370 if filing jointly) for those who do not have any eligible children

The IRS also reminded people that if they haven’t submitted their 2020 and 2021 tax forms, their 2019 tax refunds may be withheld. The refund will also be used to settle any outstanding balances owing to state or federal tax authorities. Refunds might also be used for past-due government obligations like school loans or overdue child support.

How to claim your 900 IRS Refund? 

Claiming your $900 IRS refund is a straightforward process that typically begins with filing your annual tax return. To get your money back, follow these steps:

  • File your tax return accurately, reporting all income and deductions.
  • Choose your preferred method of filing: electronically or by mail.
  • Specify that you want to receive a refund and provide your bank account information for direct deposit or mailing address for a paper check.
  • Submit your tax return.
  • Monitor the status of your refund using the IRS “Where’s My Refund?” tool on their website.
  • Once approved, your $900 refund will be deposited into your bank account or mailed to you.

Who’s eligible for a $900 refund? 

Due to the late filing of 2020 tax returns, the Internal Revenue Service projects that roughly $1 billion in refunds are still unclaimed. The government reports that the average refund for that year was $932. May 17 is the deadline for filing your 2020 tax returns.

According to IRS Commissioner Danny Werfel, hundreds of thousands of individuals who have not yet submitted their 2020 tax returns have the opportunity to receive funds.

If you have forgotten or omitted to collect your refund, there is still time. We strongly encourage taxpayers to do so. Taxpayers should begin as soon as possible since the deadline to submit their forms is May 17,” he continued.

How to get your IRS refund?

In little over two weeks, tax season will conclude. The Internal Revenue Service (IRS) is now accepting and processing tax year 2023 returns, as well as disbursing the corresponding refunds.

Additionally, the tax office gets prior year returns and sends out the matching refunds. The IRS has stated that over 940,000 individuals have unclaimed refunds from 2020, and the time for claiming them is drawing near. You must submit your 2019 taxes to get your refund. Further details are available at irs.gov.

You might ask your bank, employer, or any organizations that gave you money in 2019 for any missing documentation. On the IRS website, you may also request a tax transcript, which will assist you in obtaining the data required to submit your 2019 taxes.

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