LatestIncome Tax 10 July 2026
COVID Tax Refund Update
The IRS may owe refunds for COVID-era tax penalties, and individuals who were charged penalties for missing tax deadlines during the pandemic should file a claim before July 10 to potentially receive a refund, as missing the deadline could result in permanently losing the opportunity to claim a refund, even if the courts later rule that the IRS improperly charged the penalties
The IRS is considering refunds for COVID-era tax penalties. Individuals who were charged penalties for missing tax deadlines during the pandemic may be eligible for a refund. Key points to consider:
- The deadline to file a claim is July 10
- Missing the deadline could permanently eliminate the opportunity to claim a refund
- The IRS may have improperly charged penalties, and the courts may later rule in favor of the taxpayers
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