IRS Announces $1B Unclaimed 2020 Tax Refunds with May 17 Deadline
Tuesday, 26 March 2024, 15:30
IRS Reports Unclaimed 2020 Tax Refunds
The Internal Revenue Service (IRS) disclosed that approximately 940,000 individuals in the U.S. have yet to claim their tax refunds for the year 2020, amounting to over $1 billion.
Key Points:
- 940,000 taxpayers have unclaimed refunds
- Total refunds exceed $1 billion
- May 17 deadline for submission
Eligible individuals need to act promptly to submit their returns and secure their refunds before the deadline.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.