Millions May Get IRS Refunds from Pandemic Penalties - Act by July 10
Court ruling could mean thousands in refunds for pandemic-era tax penalties. File by July 10, 2026.
Millions of Americans might be able to get money back from the IRS if they were charged penalties during the COVID-19 pandemic. But you need to act fast - the deadline is July 10, 2026.
A recent court case (a legal dispute) called *Kwong v. United States* is challenging penalties the IRS (the U.S. tax collection agency) charged people between January 2020 and July 2023. If the IRS loses this case, people who paid these penalties could get refunds (money back).
What penalties might be refunded? • Failure to file taxes on time • Failure to pay taxes on time • Failure to make estimated tax payments (quarterly tax payments for self-employed people) • Interest charged on these penalties
The refunds could range from hundreds to millions of dollars, depending on how much you were penalized. One law firm reported handling claims from $200 to $9 million.
How to check if you're eligible: 1. Log into your IRS online account 2. Check your tax transcript (a record of your tax history) 3. Look for penalties charged between 2020-2023 4. If you find penalties, file a claim form before July 10, 2026
The case is still being appealed, so there's no guarantee you'll get money back. But if you don't file by the deadline, you'll lose your chance forever. Tax professionals are urging eligible people to file now and wait for the outcome.
Be careful of scammers trying to take advantage of this situation. Only work with legitimate tax professionals or file directly with the IRS.
This is an AI-generated summary. Read the original article at: https://www.marketwatch.com/story/heres-how-to-find-out-if-youre-one-of-millions-of-americans-who-can-claim-this-irs-refund-88c6a162?mod=mw_rss_topstories