Tag: 2019 tax return

Posts Tagged ‘2019 tax return’

Unfiled 2019 Tax Refund to Claim Thousands in Tax Return

Posted by admin on July 9, 2023
Last modified: July 9, 2023

For unfiled 2019 tax refund: July 17, 2023 is the deadline.

The clock is ticking for 1.5 million Americans who have yet to file their tax returns from the year of 2019, missing out on potential refunds worth $1.5 billion. Those who still need to file must act fast, as July 17 marks the last chance to claim a tax refund, which could be in the thousands. Don’t leave money on the table.

In June, government officials issued their ultimate notification to approximately 1.5 million individuals throughout America who must submit a return for 2019 prior to July 17, 2023, in order to receive their respective refund.

Taxpayers have a three-year window within which to file and claim their tax returns; failure to do so results in the money being turned over to the U.S. Treasury. In line with this, July 17, 2023, must be marked as the deadline to ensure that all necessary requirements for properly addressing and dispatching a tax refund are met.

Eligibility for the Earned Income Tax Credit

Are you one of the low- and moderate-income earners who could be eligible to receive up to $6,557 from your 2019 income? The Earned Income Tax Credit (EITC) may provide you with an extra refund. So make sure to check your qualifications and see what bonus refund amount you are entitled to.

Those who are potentially eligible for EITC in 2019 had incomes below the following thresholds:

$15,570 if filing individually or $21,370 if filing jointly, for people without qualifying children

$41,094 if filing individually or $46,884 if filing jointly, for those with one qualifying child

$46,703 if filing individually or $52,493 if filing jointly, for people with two qualifying children

$50,162 if filing individually or $55,952 if filing jointly, for those with three or more qualifying children

The clock is ticking for those eligible for a tax refund in 2019, according to Danny Werfel, the IRS Commissioner. Taxpayers who still need to file their return from last year need to do so before July 17 or risk forfeiting any potential tax refunds. In light of the circumstances surrounding the current pandemic, the IRS urges anyone who may have overlooked filing their taxes to act fast and make sure they get what might potentially be a substantial amount back.

Danny Werfel, IRS Commissioner, has urged those who have neglected to file during turbulent times of COVID-19 to take hasty action before their last opportunity to acquire a considerable refund passes by. “People who may have overlooked filing during the pandemic should act quickly,” he said.

prior tax

According to IRS reports, unclaimed refunds from taxes typically amount to around $893. Those with lower or moderate income could potentially be eligible for up to $6,500 in Earned Income Tax Credit benefits, provided their income is suitable.

Concerning any outstanding balances, the IRS return may be put towards resolving financial obligations, including unpaid child support or student loans. It can also be used to cover taxes owed to the federal government or a state tax agency.

Need help with filing your tax forms for last year as well? PriorTax is here to provide assistance with experienced, free Dedicated Tax Professionals who are available by phone and online to file your prior year taxes.

Need to file a 2019 tax refund? 

It is estimated that by averaging all of these unclaimed refunds, the median reimbursement for taxes paid in 2019 would amount to $893.

With the July 17, 2023 deadline for 2019 refunds quickly approaching, it is important that taxpayers take the necessary steps now to ensure they have all the info they need to file before time runs out. The IRS reminds people that there are still ways to collect the data required to put together this tax return despite the fact that a few years have passed since 2019.

In order for you to receive your 2019 tax refund, the initial step is filing taxes for that year. Gather necessary documents from pertinent companies or organizations such as employers, banks, and any entities which gave you money in 2019. Additionally, the IRS website can request a tax transcript which can assist with what is needed for filing 2019 taxes.

For those who are missing vital documents like Forms W-2, 1098, 1099 or 5498 from 2019, 2020 or 2021, obtaining copies of the documents are possible. 

Here are some options:

Get your transcript online at IRS.gov provides a convenient solution for those needing forms from their employer or other payers. This free wage and income transcript can be easily ordered with the help of the online tool. Arguably, this is one of the most efficient options available to taxpayers.

People who need to access their wage and income information can submit Form 4506-T to the IRS. This form is known as a “transcript of the tax return” and reveals data from returns sent to the Internal Revenue Service, including Tax Form W-2, Tax Form 1099, Tax Form 1098, Tax Form 5498, and other contribution details.

Although the transcript may contain helpful information for filing a return, it is recommended to find other alternatives first due to the time-consuming nature of written requests. Processing can take several weeks, so planning ahead is essential.

More than $1.5 billion combined is owed in 2019 refunds.

Across the country, many taxpayers are owed overdue refunds from their states. In particular, people in California, Texas, Florida, New York, and Pennsylvania have thousands of unclaimed dollars waiting for them. But unless these individuals submit their tax returns to claim what is due to them, the IRS will keep the funds as part of the U.S. Treasury’s coffers.

Given the extenuating and unexpected circumstances of the COVID-19 pandemic, individuals have an extended period to submit their tax returns for the year 2019 and acquire any refunds they may be owed. The time limit has been moved to July 17, 2023 – a three-year window.

According to an estimate from the Internal Revenue Service (IRS), there is nearly $1.5 billion in unclaimed refunds. An exclusive state-wise appraisal gives a median potential refund for each state and approximates how many persons could be qualified for these payments. Nevertheless, actual amounts of refunds will rely upon a family’s personal tax situation.

With only days left to claim it, up to 1.5 million U.S. taxpayers may be eligible for refunds from 2019 taxes! You could receive hundreds or maybe thousands of dollars from tax returns, but time is quickly running out – you must file your 2019 tax return by July 17 in order to get your money back. Don’t miss out on this incredible chance! 

Reach out to your free Dedicated Tax Professional Now at PriorTax.com.

PriorTax.com strives to help taxpayers catch up on their tax filings and get current with the IRS. You can also catch up on your late taxes with PriorTax! Their 9.9/10 top rated tax application guides you with simple questions, and once done, our dedicated tax pros review your tax return and prepare it for filing. PriorTax is currently e-filing 2020, 2021, and 2022 tax returns.

2019 Tax Return

Posted by admin on December 1, 2021
Last modified: December 1, 2021

How to File 2019 Taxes

The deadline to file your 2019 tax return on time may have already passed. But if you’ve been putting off filing, there is no better time to file than today.

Don’t put off filing any longer, even if you aren’t currently in a position to pay off your tax bill. By filing your 2019 tax return today, you will be able to minimize the amount you will eventually have to pay. In addition to interest on unpaid taxes, the IRS also has late filing and late payment penalties. Filing your 2019 tax return can stop the filing penalties from racking up, which is good news that can save you money. In most cases, late filing penalties will work out to be larger than equivalent late payment penalties.

And if you overpaid and are owed a tax refund, by filing your 2019 tax return today, you will be able to claim your refund before it’s too late and ends up in the U.S. Treasury.

2019 tax return
2019 tax return

So, How to File your 2019 Taxes?

The first step to filing your 2019 taxes is to check whether you needed to file a tax return for the year.

The IRS sets thresholds for minimum gross income filing requirements.

For the 2019 tax year:

  • The threshold for a single person under 65 years old was $12,200
  • The threshold for a head of household was $18,350
  • The threshold for self-employed income was $400 in net earnings

If you made less than this threshold, you typically don’t need to file a return except in special circumstances. However, if you think this may be your situation, contact us today and we can help you figure it out.

Gather your documents.

You will need to gather your documents together, particularly those related to your income, any interest you earned, already withheld taxes, and loan payments.

Next, determine which deductions and credits are relevant to your situation in 2019.

Each year, there are deductions and credits available that can help reduce your taxable income and, ultimately, the amount of tax you owe. Our tax application can help guide you through this process to help you file your return with ease.

A few things to keep in mind:

  • Will you be itemizing deductions for your 2019 tax return? You need to collect all the relevant documentation to support each deduction taken.
  • Will you be claiming any dependents on your 2019 tax return? You will need to have their names and social security numbers on hand to identify them to the IRS in your paperwork.

You now need to identify and obtain the correct tax forms you will need to file.

Tax forms are year-specific and change annually, as changes are made to laws and regulations. Therefore, you’ll want to ensure that you file your 2019 tax return using the forms for the 2019 tax year.

Fill out your required tax forms.

In addition to year-specific versions of the tax forms, there are also instructions that are specific to each year’s version of the paperwork. So make sure that you have the 2019 tax year instructions as well as the forms themselves during this process.

The tax form instructions will also guide you on the documents you will need related to your financial and personal circumstances.

And finally, mail off your 2019 tax return, supporting documents, and payment if necessary.

Finally, you are at the point where you can mail off your 2019 tax return. Send it to the applicable address that can be found in the filing instructions. According to the IRS, it will take approximately six weeks for them to process prior-year tax returns, like your 2019 tax return, after receiving them.

How to Re-File your 2019 Taxes

If you already filed your 2019 tax return but realized that you made a mistake or missed out on a tax deduction or credit, you can re-file your 2019 taxes by filing an amended tax return with the IRS.

Some common situations when you might want to file an amended tax return include:

  • not claiming a tax deduction or credit you were eligible for
  • claiming an expense or tax deduction or credit you weren’t actually eligible for
  • claiming the wrong tax filing status
  • needing to either add or remove a dependent from your return
  • no including all taxable income on your return

First, gather your documents.

You’ll need your original 2019 tax return. In additional, you’ll also need any new documents like corrected W-2 or 1099 forms or financial documents for any tax deductions or credits you didn’t claim the first time around.

Next, you need to identify and obtain the correct tax forms you will need to file.

To file an amended tax return, you need Form 1040-X. In addition to this form you will also need the forms that are for each aspect of your return that will be impacted by the changes you wish to make.

Since tax forms are year-specific you will need to make sure that you are locating the forms for the 2019 tax year.

And finally, fill out and then submit your amended forms.

Starting with the 2019 tax year, Form 1040-X can be filed electronically if you e-filed your original 2019 tax return.

The IRS also still accepts paper filing. So you can also mail in your amended 2019 tax return. If you didn’t e-file your 2019 tax return the first time around, you will need to go this route and mail in your amended 2019 tax return.

If you still need to prepare your 2019 tax return, visit PriorTax.com and contact our customer service today. Our tax application is designed to make sure you know how to file your 2019 taxes with ease. In addition, we can help you if your 2019 tax return needs to be amended, whether you filed your original return with us or not. Call us today!

We’re here to help you file your 2019 tax return and any other prior year taxes you still need to file, so don’t wait any longer to get your back taxes in order.

Did you Miss the 2019 Tax Deadline?

Posted by Manisha Hansraj on October 23, 2020
Last modified: October 23, 2020
missed 2019 tax deadline

Rushing to file your tax return at the last minute?

We get it. Life is busy, especially when working from home with family or if you have other priorities. If filing your taxes has slipped your mind, we’re here to help.

The good news is, you can still file. Here’s what you need to know.

Important Tax Dates

If you missed the 2019 tax deadline, the following tax dates are important.

  • July 15, 2020 – The final day to file and pay the taxes you owe to the IRS without accumulating penalties. It is also the last day to file a request of a filing extension.
  • October 15, 2020 – The last day to e-file all returns and the extension deadline.

What if I owe to the IRS?


How does the Coronavirus Stimulus Check Work? (FAQ’s)

Posted by Manisha Hansraj on April 7, 2020
Last modified: April 15, 2020
stimulus check

The IRS has approved an economic stimulus package due to the spread of the Coronavirus (COVID-19).

A $2 trillion economic plan was passed by the Senate to combat the affects of COVID-19 on Americans. This stimulus plan includes payments to individuals, the self-employed, unemployment coverage, and more.

Here are some common questions about the coronavirus stimulus checks.

Do I have to apply for the stimulus check?


How to File Your 2019 Taxes

Posted by Manisha Hansraj on January 13, 2020
Last modified: June 24, 2020
2019 tax return

The 2020 tax season starts on January 27, 2020. January kicks off the new year and with a new year, comes a new tax season. Get a fresh start by finding out the new tax changes for your 2019 tax return.

Additionally, check out some tax reminders below.

Tax dates to remember

It’s important to set a reminder whether it’s your phone or calendar.


How Your Taxes Will Change in 2020

Posted by Manisha Hansraj on September 11, 2019
Last modified: January 27, 2020

2020 tax season

It’s almost time for another tax season!

Believe it or not, the 2020 tax season begins January 27, 2020. The worst feeling is scrambling last-minute to find your tax documents. Why not put your mind at ease by going over information you need to know to file your 2019 taxes?

Here are the tax changes you need to be prepared for next year.

2019 Tax Brackets

You might wonder what tax bracket you’re in. The IRS announced the slightly higher brackets below: (more…)