Unclaimed Tax Refunds and Stimulus Payments From 2020 Expire This Month
Summary
Millions of Americans risk losing unclaimed tax refunds as the deadline approaches. The IRS alerts taxpayers to act swiftly, with nearly $1.5 billion in refunds set to expire if unclaimed by May 17. These refunds, often overlooked due to changes in address or unfiled returns, belong to an estimated 1.5 million individuals who didn't file for 2017. The average refund amounts to a substantial $865, presenting a significant opportunity for those unaware of their entitlement. Delaying action could mean forfeiting these funds permanently, urging taxpayers to check their eligibility and file before the looming deadline to reclaim what's rightfully theirs.
Money
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