by The Gateway Pundit
The IRS is waiving $1.2 billion in fines assessed on late tax filers.
Almost 1.6 million people and businesses will receive a refund – this breaks down to about $750 for each taxpayer.
The Internal Revenue Service said Wednesday it will waive and refund penalties for Americans who filed their 2019 or 2020 tax returns late, as the agency struggles with a massive Covid-imposed backlog that has frustrated taxpayers and politicians.
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Almost 1.6 million taxpayers who have already forked over failure to file penalties for their 2019 or 2020 returns will automatically be refunded by the end of next month, adding up to more than $1.2 billion in total refunds, the agency said in a statement.
To qualify taxpayers must file any 2019 or 2020 tax returns by September 30th of this year.
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