IRS may owe millions of taxpayers refunds for pandemic-era penalty relief. How to file a claim
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- For most filers, the tax deadline has come and gone.
- The issue stems from recent rulings, including Kwong v.
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For most filers, the tax deadline has come and gone. But thanks to a federal court decision, millions of Americans could still be eligible for tax refunds for pandemic-era penalties and interest.
The issue stems from recent rulings, including Kwong v. United States, which found that the IRS shouldn't have assessed certain penalties and interest from Jan. 20, 2020, through July 10, 2023, That includes the Covid-19 federal disaster period through May 11, 2023, plus an extra 60 days. The court decision was based on an interpretation of a tax code provision that governs postponed filing and payment deadlines during a disaster.