If you filed your taxes late or missed payments during the pandemic, you might be due a refund from the IRS. You're about to learn how the agency is giving back millions in penalties, and if you qualify for a piece of it.
The IRS recently announced it's issuing over $1 billion in refunds for certain penalties assessed during the pandemic.
This initiative, detailed in Notice 2024-23, aims to provide relief to taxpayers who faced challenges meeting their tax obligations due to the COVID-19 pandemic.