$12 Million IRS Unclaimed Refunds From COVID-19 Relief Packages – Claim Your Money Now!

News about the IRS unclaimed refunds for South Carolinians are here.

These IRS unclaimed refunds are mostly from the relief packages during the pandemic. (Photo: Credit Karma)

IRS Unclaimed Refunds For South Carolinians

There is over $12 million in IRS unclaimed tax refunds owed to South Carolinians, with a deadline to claim them on May 17.

The IRS unclaimed tax refunds are mainly due to unclaimed stimulus checks from COVID-19 relief packages.

It is important to compare the amount of money received from stimulus payments to what was filed on your tax return to see if you are owed IRS unclaimed tax refunds.

According to a published article by live5news.com, the IRS will not penalize late filers for 2020 returns, but paper filing is required to get IRS unclaimed tax refunds.

To meet the deadline regarding the IRS unclaimed tax refunds, important documents like W-2, 1098, 1099, or 5498 need to be submitted by May 17, with suggestions to mail in advance and use certified mail receipts.

2020 Recovery Rebate Credit

In a published article by CNET, the IRS may owe you money from your 2020 tax return, including for the 2020 Recovery Rebate Credit.

If you didn’t file taxes in 2021, the IRS could be holding onto an average refund amount of $932 for you. The unclaimed refund deadline is approaching in less than two months, and the IRS is currently holding over $1 billion in unclaimed money for almost 940,000 taxpayers from 2020.

You typically have three years to claim a tax refund, but this year, the deadline was extended to May 17, 2024, due to the pandemic. You must file prior-year tax returns for 2020 on paper by mailing them to a specific regional IRS office.

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