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$1 Billion in Unclaimed Tax Refunds from 2020 – Florida Residents Missing Out on $58 Million!
$58 Million in Unclaimed Tax Refunds in Florida
According to Bay News 9, In Florida alone there’s around $58 million waiting to be claimed by about 53,200 Americans. These unclaimed tax refunds probably belong to Americans who didn’t earn a lot or lost their job because of the pandemic so they didn’t have to file taxes but here’s the thing: if you’re owed money you gotta act fast! The deadline to get your unclaimed tax refunds for 2020 is May 17. Luke Richardson who knows a lot about taxes says even if you only worked part-time you might have had taxes taken out of your paycheck. To get your unclaimed tax refunds you should ask your old boss for your tax papers. If that’s not possible the IRS can help you out.
You can do your taxes online for 2020 but you have to mail them in by May 17. If you miss the deadline the money goes back to the government. So if you think you might have a unclaimed tax refunds coming your way don’t wait too long to claim it!
READ ALSO: $7,500 Tax Credits 15 Top Electric Vehicles Eligible – A Comprehensive List!
Over $1 Billion in Unclaimed Tax Refunds in Florida from 2020: Act Fast Before May 17 Deadline – Don’t Miss Out! (PHOTO: LinkedIn)
May 17 Deadline Looms for Unclaimed Tax Refunds from 2020
Furthermore, time is running out for individuals owed unclaimed tax refunds from 2020 with the May 17 deadline fast approaching. Even if they only worked part-time or faced pandemic-related job disruptions taxes might have been withheld from their paychecks. Tax expert Luke Richardson advises contacting former employers for tax documents or seeking IRS assistance. Online tax preparation is an option but forms must be physically mailed and postmarked by the deadline to avoid losing the unclaimed tax refunds which will return to the government’s treasury. Claiming unclaimed tax refunds promptly is essential.
READ ALSO: $700M New Child Tax Credit Program Earmarked – Colorado’s TABOR Surplus!
