Eligible Americans may be in line for some extra cash, but time is running out to claim.
The refunds stem from IRS penalties and interest that some taxpayers paid during the COVID-19 emergency after the IRS had postponed many tax deadlines.
A recent federal court ruling — Kwong v. United States — found that the COVID-era deadline extensions may have also delayed when the IRS was allowed to begin charging certain late-filing penalties and interest. This means those who paid during that period may be entitled to a refund.
“I would suspect it’s a pretty big number. This happens to millions of people annually,” Nathan Goldman, an accounting professor at North Carolina State University, previously told The Post.