IRS Says Deadline Approaching , For Over $1 Billion , in 2020 Tax Refunds.
NBC reports that the Internal Revenue Service has
alerted anyone who didn't file a tax return at the height
of the pandemic that they may be eligible for a refund.
According to the IRS, over $1 billion
in unclaimed refunds for 2020
are waiting to be claimed. .
Due to the COVID-19 pandemic,
U.S. taxpayers got an extension on
the normal three-year filing window. .
The new due date is now May 17, 2024,
meaning the last chance for taxpayers
to claim their 2020 refund is looming. .
There’s money remaining
on the table for hundreds
of thousands of people who
haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.
There’s money remaining
on the table for hundreds
of thousands of people who
haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.
We want taxpayers to claim these refunds,
but time is running out for people who may
have overlooked or forgotten about these
refunds. There’s a May 17 deadline to file
these returns so taxpayers should start
soon to make sure they don’t miss out, Danny Werfel, IRS Commissioner, via NBC.
According to IRS estimates, , the median refund , for 2020 was $932. .
People faced extremely unusual
situations during the pandemic,
which may have led some people
to forget about a potential refund
on their 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.
People may have just overlooked these,
including students, part-time workers
and others. Some people may not realize
they may be owed a refund. We encourage
people to review their files and start
gathering records now, so they don’t
run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC.
People may have just overlooked these,
including students, part-time workers
and others. Some people may not realize
they may be owed a refund. We encourage
people to review their files and start
gathering records now, so they don’t
run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC.
NBC reports that the IRS noted that 2020
tax refunds could be withheld if the taxpayer
also failed to file returns in 2021 or 2022