People and businesses that paid a penalty for filing their 2019 and 2020 tax returns late will automatically get a refund from the IRS.
The IRS estimates it will refund more than $1.2 billion in failure-to-file penalties to around 1.6 million taxpayers. Most of the refunds will go out by the end of September.
The tax agency announced last month that it would give back the money it fined taxpayers for failing to file their taxes on time during the first two years of the COVID-19 pandemic.
