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11mo ago

Today is the Final Day to Claim Unfiled 2020 Tax Refunds

The IRS urges nearly one million Americans to file their 2020 returns to access over $1 billion in unclaimed refunds.

A sign outside the Internal Revenue Service building in Washington, on May 4, 2021. The Internal Revenue Service says it is conducting a comprehensive review of safety at its facilities. The action comes in response to an increasing number of threats borne of conspiracy theories that agents were going to aggressively target middle-income taxpayers. (AP Photo/Patrick Semansky)
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Overview

  • An estimated 940,000 taxpayers have until today to file for 2020 tax refunds.
  • Unclaimed refunds total over $1 billion, with median payments around $932.
  • No penalties apply for late filing if a refund is due, but the three-year window closes today.
  • Eligible taxpayers may also claim additional pandemic-related credits like the Recovery Rebate Credit.
  • The IRS provides online tools to help taxpayers access necessary forms and information.