Reminder: The Penalty Tax Refund Deadline Is This Week

People hit with late-filing penalties during the pandemic could be getting a tax refund from the IRS – if they act now.

picture of a U.S. government check
(Image credit: Getty Images)

Time may be running out for people who qualify for a chunk of the $1.2 billion in tax refunds owed to taxpayers who paid penalties for late tax returns in 2020 and 2021. The IRS is trying to get the refund payments out the door quickly so it can start prepping for the upcoming tax season and continue working on its backlog of unprocessed tax returns. As a result, it set a tight deadline for filing the underlying tax return – and that deadline is this week!

Why Are Bonus Tax Refunds Being Sent?

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Rocky Mengle

Rocky Mengle was a Senior Tax Editor for Kiplinger from October 2018 to January 2023 with more than 20 years of experience covering federal and state tax developments. Before coming to Kiplinger, Rocky worked for Wolters Kluwer Tax & Accounting, and Kleinrock Publishing, where he provided breaking news and guidance for CPAs, tax attorneys, and other tax professionals. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Rocky holds a law degree from the University of Connecticut and a B.A. in History from Salisbury University.