Unclaimed Tax Refunds’ Deadline – A Reminder For Iowans!

Check out this additional information about unclaimed tax refunds of Iowans.

The IRS is reminding Iowans to claim and process their unclaimed tax refunds. (Photo: Medium)

Unclaimed Tax Refunds Of Iowans

The IRS is reminding taxpayers about unclaimed tax refunds from 2020, with a deadline of May 17th to file and claim them.

IRS spokesman Christopher Miller emphasizes that there is a significant amount of unclaimed tax refunds available.

The pandemic has caused many people to be in different situations, potentially leading to unfiled returns and unclaimed tax refunds in 2020.

Additionally, low and moderate-income workers may be eligible for the Earned Income Tax Credit for 2020.

According to a published article by SmartNews, individuals need to check if the IRS owes them any unclaimed tax refunds, as it could provide much-needed financial relief during these challenging times.

The Earned Income Tax Credit offers eligible individuals a valuable financial boost, granting additional income that can enhance financial security and pave the way for a brighter tomorrow.

More Reminders For Iowans

In a published article by KGAN, the IRS reports that there are still 11,000 Iowans who haven’t filed, leaving $11 million in unclaimed tax refunds at risk.

Those who have already filed may be wondering where their unclaimed tax refunds are, with the IRS promising refunds in less than 21 days for e-filers who choose direct deposit.

Delays in receiving unclaimed tax refunds may be due to errors in the process, identity theft concerns, or random audits.

It is advised to file taxes even if not required, as there may be unclaimed tax refunds or credits available.

The three-year window to claim old refunds for the 2020 tax year ends on May 17th. It is recommended to file taxes electronically for faster and safer processing.

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