IRS says 940,000 people have not claimed expiring 2020 tax refunds totaling over $1B
Fox News
The Internal Revenue Service, or IRS, said 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion.
The average median refund is $932 for 2020. Texas (93,400), California (88,200), Florida (53,200) and New York (51,400) have the largest number of people potentially eligible for these refunds.
IRS Commissioner Danny Werfel said in a statement: "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."
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