Who May Qualify for an IRS Penalty Refund
Not everyone will be eligible. However, you may qualify if you:
- Paid late tax filing penalties or late payment penalties during 2020–2023
- Were charged interest on unpaid taxes during the pandemic
- Had issues with estimated tax payments
- Entered an IRS payment plan or dealt with tax debt relief programs
Taxpayers who worked with a tax attorney, CPA, or used tax filing services during this period may especially want to review their records.
For individuals with large balances, the potential refund could be significant.
I always pay taxes every year because of investments earnings although I have Social Security monthly income to support myself, but it has decreased for last year and this year.