2020 IRS Stimulus Checks Still Unclaimed – Don’t Miss Your Opportunity!

$1.5 Billion in Unclaimed 2020 Tax Refunds Highlights Urgency for Taxpayers

According to finger lake, as the deadline for claiming 2020 tax refunds approaches a significant amount of money remains unclaimed totaling $1.5 billion, according to recent reports. The IRS has highlighted the unclaimed 2020 Recovery Rebate Credit as a potential source of owed money from individuals’ tax returns. Taxpayers are urged to act swiftly to secure their rightful refunds before the final date of May 17, 2024. Failure to do so could result in unclaimed refunds transitioning to the US Treasury after a three-year holding period.

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2020 IRS Stimulus Checks Still Unclaimed – Don’t Miss Your Opportunity!(PHOTO: getty image)

Importance of Filing Overdue Tax Returns Emphasized as Deadlines Approach

For those who may have missed full stimulus payments or failed to file their 2020 tax return, there’s still an opportunity to claim what’s rightfully theirs until the May 17, 2024 deadline. Additionally, individuals who may have overlooked the 2021 Economic Impact Payment have until April 15, 2025, to rectify the situation. While the IRS doesn’t provide a direct method for checking unclaimed refunds, filing overdue tax returns and claiming eligible refunds or credits is essential to ensure that individuals don’t miss out on money they’re owed. As the deadline approaches, it serves as a critical reminder for taxpayers to take proactive steps to secure every dollar owed to them from the IRS.

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