Share this @internewscast.com

If you didn’t file a tax return amid the worst of the Covid-19 pandemic and believe you’re eligible for a refund, the Internal Revenue Service wants to hear from you.

The agency said this week that more than $1 billion in unclaimed refunds for tax filing year 2020 are sitting in its coffers, and that it’s still possible for eligible filers to claim.

Due to the pandemic, filers got an unusual extension on the regular three-year return-filing window. They now have until May 17, 2024 to claim their refund for tax year 2020.

“There’s money remaining on the table for hundreds of thousands of people who haven’t filed 2020 tax returns,” said IRS Commissioner Danny Werfel in a statement. “We want taxpayers to claim these refunds, but time is running out for people who may have overlooked or forgotten about these refunds. There’s a May 17 deadline to file these returns so taxpayers should start soon to make sure they don’t miss out.”

The IRS estimates the median refund amounts for 2020 to be $932 — that is, half of the refunds are more than $932 and half are less. 

“People faced extremely unusual situations during the pandemic, which may have led some people to forget about a potential refund on their 2020 tax returns,” Werfel said. “People may have just overlooked these, including students, part-time workers and others. Some people may not realize they may be owed a refund. We encourage people to review their files and start gathering records now, so they don’t run the risk of missing the May deadline.”

Many low- and moderate-income workers may also be eligible for the Earned Income Tax Credit (EITC), worth as much as $6,660 for taxpayers with qualifying children for the 2020 tax year.

The IRS notes 2020 tax refunds may be held if an individual has not filed tax returns for 2021 and 2022.

Share this @internewscast.com
You May Also Like
US-Israeli Iran Deception: A Coordinated Strategy

Collaboration between the US and Israel: Unraveling Their Strategic Deception Towards Iran

A bold claim emerges as US-Israeli coordination allegedly deceived Iran. The Jerusalem…
Members of international organized residential burglary ring arrested after posing as Amazon drivers, Irvine, CA break-in | Video

Tragic Incident on Clover Lane: Jacob Christ Fatally Shoots Eleric Lyon, Then Takes Own Life, Authorities Report

ZION, Ill. (WLS) — A 24-year-old man from Zion fatally shot a…
Man grilling meat and vegetables on a patio overlooking a lake.

Doctors Warn: Avoid Grill Brushes After Burger Mishap Sends Woman to Hospital for Surgery

AS summer approaches, people are being urged to stop using grill brushes…
4 migrants escape from Newark ICE detention facility, DHS official confirms

Four Immigrants Break Free from Newark ICE Detention Center, Confirms DHS Official

NEWYou can now listen to Fox News articles! On Thursday evening, four…

Melania Trump Unveils Striking New Appearance & Fans Claim the Former First Lady Is ‘More Radiant Than Ever’ While She Chats with Husband Donald

MELANIA Trump debuted a bold new look as her husband showered her…
TikTok star Khaby Lame plays soccer in Brazil after US detention

Khaby Lame, TikTok sensation, plays soccer in Brazil following US detention

SAO PAULO — Khaby Lame, recognized as the most-followed TikTok influencer globally,…
About 60 people arrested after veterans' anti-ICE demonstration in Washington, DC, police say

Approximately 60 Arrested During Veterans’ Anti-ICE Protest in Washington, DC

NEWYou can now listen to Fox News articles! Approximately 60 people were…
Sweetener in popular low-cal ice cream can increase stroke risk

Artificial Sweetener in Popular Low-Calorie Ice Cream May Raise Stroke Risk

There’s nothing sweet about this.  Recent research indicates that a widely used…
Australian man shot to death at villa on tourist island of Bali

Australian Citizen Fatally Shot at Bali Villa

DENPASAR, Indonesia — A man from Australia was shot dead, and another…
4 detainees have escaped from an immigration detention center in Newark, New Jersey, DHS says

Four inmates have broken out from an immigration detention facility in Newark, New Jersey, according to the Department of Homeland Security.

Four detainees managed to break through a wall and escape from a…
Modi meets Air India crash survivor in hospital as investigation begins

Modi Visits Air India Crash Survivor in Hospital as Probe Commences

A Boeing 787 heading to London crashed into a hostel of a…
Army's 250th anniversary parade set in Washington

Washington to Host Parade for Army’s 250th Anniversary Celebration

Daylong celebrations, including fitness contests, are scheduled on the National Mall, wrapping…