Tax Time Could Mean Refund Time For Yakima Residents
It's almost tax time and the Internal Revenue Service is reminding Yakima residents about the millions in dollars in unclaimed income tax refunds waiting for people who didn't file a 2018 form 1040 federal income tax return.
"The IRS wants to help people who are due refunds but haven't filed their 2018 tax returns yet," says IRS Commissioner Chuck Rettig. "But people need to act quickly. By law, there's only a three-year window to claim these refunds, which closes with this year’s April tax deadline. We want to help people get these refunds, but they need to file a 2018 tax return before this critical deadline."
Claim that refund check for more than $800
The IRS says the average refund in Yakima is $863.
Did you file in 2019 and 2020? If not IRS officials say checks may be held if you have not filed tax returns for 2019 and 2020. In addition, the refund will be applied to any amounts still owed to the IRS or a state tax agency and may be used to offset unpaid child support or past due federal debts, such as student loans. IRS officials say if you don't file a tax return you stand to lose more than just refund of taxes withheld or paid during 2018. "Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit (EITC). For 2018, the credit was worth as much as $6,431."
When are taxes due this year?
The filing deadline has changed this year
"The filing deadline to submit 2021 tax returns or an extension to file and pay tax owed is Monday, April 18, 2022, for most taxpayers. By law, Washington, D.C., holidays impact tax deadlines for everyone in the same way federal holidays do. The due date is April 18, instead of April 15, because of the Emancipation Day holiday in the District of Columbia for everyone except taxpayers who live in Maine or Massachusetts. Taxpayers requesting an extension will have until Monday, October 17, 2022, to file." For more information IRS.GOV.
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