Act Now: Last Opportunity to Claim Unfiled 2020 Tax Refunds and Credits
Don’t Miss Out: May 17 Deadline Looms for Unclaimed Tax Refunds and Credits
According to WTAJ, as we near the end of the month, the IRS wants to remind Americans about an important opportunity. If you didn’t file your taxes for the year 2020, you might be owed some money. You have until May 17 to file and claim your refund without facing any penalties. But remember, your tax return must reach the IRS within three years of the due date, and this year’s deadline got pushed back due to delays caused by COVID-19.
This deadline is your last chance to get back any money you’re owed from old tax returns. You might also be eligible for tax credits that could help you out financially. The IRS suggests getting started on your filing as soon as possible. It can take time to gather all the necessary documents from your employers, banks, or other places you received income from.
State-specific data released by the IRS reveals significant sums owed to taxpayers, with Texas leading the list, followed by California and Florida.
The IRS has also shared some interesting information about which states have the most money owed to taxpayers. Texas is at the top of the list, with over $107 million potentially available in refunds. California and Florida follow closely behind. This data shows just how much money is at stake for Americans all across the country. So, as the deadline gets closer, it’s essential to act quickly to make sure you don’t miss out on any money that could be coming your way.