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In March 2021, eligible individuals received up to $1,400 per income tax filer and $1,400 per child under the American Rescue Plan Act. Haigh and Morga write for the Associated Press.
For tax years 2021 and 2020, the latest to receive such IRS estimates, the projected gross "tax gap" soared to $688 billion and $601 billion, respectively. That is a significant jump from the past.
Some 1.1 million Americans who didn’t file a federal income tax return for 2021 are collectively missing out on $1.025 billion in unclaimed refunds, according to the IRS.
Over 1.1 million people have unclaimed federal income tax refunds from 2021, which are in jeopardy of becoming government property if not claimed soon, with a median return of $781 and potential ...
That also varies depending on where you live and work. Here's a primer on income tax: what it is, how it works, how to calculate it and which states don't have it.
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