Chance to claim your share of the $1 billion in unclaimed tax refunds from 2020! Hundreds of thousands of taxpayers across the country could be entitled to refunds averaging $932.
Claim Your Unclaimed 2020 Tax Refund!
Time is running out for taxpayers across the country to claim their unclaimed 2020 tax refunds. It totals to nearly $1 billion. The deadline for filing is May 17 so it’s advised to act now and secure the shared of these funds.
According to the IRS reports, about 940,000 individuals have yet to claim their refunds. According to Kron4, the average median refund is $932. Refunds were overlooked because of the COVID-19 pandemic. Whether you’re a student, a part-time worker, or simply forgot to file, now is the time to check if you’re owed a refund.
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Understanding the Earned Income Tax Credit (EITC)
Did you know that in addition to unclaimed tax refunds, many low- and moderate-income workers also be missing out on valuable tax credits, such as the Earned Income Tax Credit (EITC)? The EITC designed to assist individuals and families whose incomes fall below certain thresholds, offers potential credits of up to $6,600 for those with qualifying children.
But eligibility for the EITC requires filing a tax return, and with the deadline approaching, time is of the essence. Whether you have one qualifying child or none, it’s essential to understand your eligibility and claim this valuable credit.