IRS Might Owe You $1K in Past Tax Refunds! Here’s How to Claim Your Money from 2020

Unclaimed Refunds: A Hidden Opportunity

Deadline Looms: Act Now to Secure Your Refund

According to published article of gobankingrates,   For many the idea of the IRS owing them money might come as a pleasant surprise amidst the often stressful tax season. Yet as per the Internal Revenue Service (IRS) there’s a staggering sum of over $1 billion waiting to be claimed by nearly 940,000 taxpayers who failed to collect their refunds in 2020. IRS Commissioner Danny Werfel emphasizes the urgency of the situation, highlighting that time is running out for those who may have overlooked or forgotten about these potential refunds. With the three-year window for claiming refunds from the end of tax season closing on May 17, 2024 there’s a pressing need for individuals to take action before these unclaimed funds revert to the U.S. Treasury.

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IRS Might Owe You $1K in Past Tax Refunds! Here’s How to Claim Your Money from 2020 (PHOTO: GOBankingRates)

Act Before It’s Too Late: Seize Your Chance to Claim 2020 Tax Refunds

With the extended deadline for filing 2020 taxes now behind us it’s crucial for taxpayers to act swiftly. IRS Commissioner Danny Werfel urges individuals to seize this opportunity by reviewing their records and gathering necessary documentation to claim entitled refunds especially emphasizing the significance for those eligible for credits like the Earned Income Tax Credit (EITC). As the May 17, 2024 deadline approaches the window to claim these refunds is rapidly closing, emphasizing the need for prompt action to secure what rightfully belongs to taxpayers..

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