The Internal Revenue Service is sending refunds to more than a million Americans who filed their taxes late in the early days of the COVID-19 pandemic.
of up to 25% of the amount of tax they owe. For 2019 and 2020, however, the agency is suspending penalties for people who filed late. Taxpayers who already paid a fine will automatically receive refunds, the IRS said on Wednesday.
Taxpayers don't need to do anything, the IRS said. People who have been fined but not yet paid the penalty will see it erased, while those who already paid a penalty will get a refund or a credit. Most of the refunds will be delivered by the end of September, according to the agency.
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