IRS Issues Surprise Tax Refund on Some Penalties - AARP

Published December 27, 2023. / Updated January 05, 2024. Getty Images. Approximately 4.7 million taxpayers are in line for an unexpected break from the Internal Revenue Service (IRS): Relief from some tax penalties incurred for the 2020 and 2021 tax years. The $1 billion in …

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IRS Issues Surprise Tax Refund On Some Penalties - AARP

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The IRS Just Paid Out Another 4M Surprise Tax Refunds — Are You …

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Jul 17, 2021 · Average surprise refund: $1,265. Some 40 million Americans received unemployment payments in 2020, according to the Century Foundation. The average …

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The IRS Is Paying Out A New Batch Of Surprise Tax Refunds — Who's ...

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Nov 4, 2021 · Some 430,000 refunds totaling more than $510 million have been paid out in the latest batch, the IRS said in a news release this week. The amount per taxpayer this time has …

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The IRS Just Paid Out 2.8 Million Surprise Tax Refunds - MoneyWise

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Jun 8, 2021 · Some 40 million Americans received unemployment payments in 2020, according to the Century Foundation. The average beneficiary got $14,000 — and $10,200 of that is now …

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More Of Those Surprise Tax Refunds Go Out This Week, The IRS Says ...

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Dec 26, 2021 · More refunds are on the way. In the most recent batch of unanticipated refunds, announced on Nov. 1, taxpayers got around 430,000 payments worth more than $510 million. …

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Can I Claim My Spouse's Social Security Benefits? FAQs - JustAnswer

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The spousal benefit is 50% it its highest level and if you applied early for your own retirement, the percentage is reduced by the early retirement penalty. If you applied at age 65, the spousal …

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Inside Trump's Plan For Mass Deportations - And Who Wants To …

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Nov 6, 2024 · American Immigration Council, an immigrant advocacy group, estimated the cost of deporting 13 million immigrants in the U.S. illegally as $968 billion over a little more than a …

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New Round Of 1.5 Million Surprise Tax Refunds Is On The Way — Will …

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Jul 28, 2021 · The average individual beneficiary got $14,000 — and $10,200 has become tax-free, leaving only $3,800 that's taxable. Some 1.5 million refunds are being paid out in the …

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FAQs about IRS Issues Surprise Tax Refund on Some Penalties - AARP Coupon?

Will the IRS send out another wave of surprise tax refunds?

The IRS will send out another cluster of surprise tax refunds, courtesy of the pandemic relief bill President Joe Biden signed earlier this year. A previous wave went out at the beginning of June. ...

Will more taxpayers receive a surprise tax refund?

An official at the IRS estimates that hundreds of thousands more taxpayers might still receive surprise tax refunds. Throughout May, June, and July, the government sent millions of refunds — totaling over $10 billion — to Americans who hadn't expected the windfalls. ...

How many Americans are getting a surprise tax refund this week?

Some 1.5 million Americans still reeling financially from the COVID crisis are being sent surprise tax refunds this week, the IRS says. ...

How much tax relief does the IRS offer?

In a press release on Dec. 19, the IRS announced it would provide relief for about 4.7 million taxpayers, businesses, and organizations that owe back taxes. In all, the agency said it would be providing roughly $1 billion in penalty relief, mainly for those making under $400,000 a year. ...

Are You in line for an unexpected break from the IRS?

Approximately 4.7 million taxpayers are in line for an unexpected break from the Internal Revenue Service (IRS): Relief from some tax penalties incurred for the 2020 and 2021 tax years. ...

How many Americans are getting tax refunds from the IRS?

THOUSANDS of Americans are set to get tax refunds from the IRS by the end of December. The refunds are for taxpayers who wrongly paid taxes on unemployment benefits. On November 1, the IRS announced another 430,000 refunds had been paid out, worth a collective $551million. This followed millions of refunds to Americans earlier this summer. ...