2018 Federal Income Tax Refunds

Time to think – or to check – did you file a 2018 federal income tax return?  If not, might you be entitled to a refund? 

Hmmmm, so now is the time to check your 2018 return.  Currently, there are over $39,000,000 in refunds due to an estimated 39,000 taxpayers in New Jersey, with Pennsylvania having almost 60,000 taxpayers entitled to a portion of $59,000,000.  So, it just might be worth your while to check out your 2018 return.  

Why might this be important to you?  If April 18, 2022 passes and you have not filed a 2018 return, if you are entitled to a refund, your time has expired.  Believe it or not, the IRS doesn’t want to keep your money and would rather give it back to you, but without a return being filed, they can’t.  And, the statute for refunds expires on April 18, 2022. 

In cases where a federal income tax return was not filed, the law provides most taxpayers with a three-year window of opportunity to claim a tax refund. If they do not file a tax return within three years, the money becomes the property of the U.S. Treasury. For 2018 tax returns, the window closes April 18, 2022, for most taxpayers. The law requires taxpayers to properly address, mail and ensure the tax return is postmarked by that date.

The IRS reminds taxpayers seeking a 2018 tax refund that their checks may be held if they have not filed tax returns for 2019 and 2020. In addition, the refund will be applied to any amounts still owed to the IRS or a state tax agency and may be used to offset unpaid child support or past due federal debts, such as student loans.

Tax year 2018 returns must be filed with the IRS on paper at the center listed on the last page of the Form 1040 instructions. Current and prior year tax forms (such as the tax year 2018 Form 1040, 1040A and 1040EZ) and instructions are available on IRS.gov – Forms and Publications.  However, taxpayers can e-file tax year 2019 and later returns. If you are missing information, you can request duplicate tax documents from employers, banks, etc., or you can get information about ordering account transcripts at IRS.gov. 

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About the Author

Kay Sowa is a paralegal in the Trusts and Estates Group at Capehart & Scatchard, P.A. She is an IRS Enrolled Agent, an Accredited Estate Planner®, and a Certified Trust and Fiduciary Advisor. She oversees the trust and estate administration practice for the firm. She is an accomplished author and lecturer who has frequently spoken on behalf of a number of organizations including the National Business Institute and the Institute of Paralegal Education.

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