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$1B Unclaimed Refunds IRS Urges Americans to Check Eligibility – Missing Millions!

IRS Urges Swift Action: Retrieve Your 2020 Tax Refund Before May 17 Deadline

Nearly $1 Billion in Unclaimed Refunds Awaits Taxpayers Across the US

Hundreds of thousands of taxpayers across the United States are being urged by the IRS to claim their owed 2020 tax refunds before the looming May 17 filing deadline. With nearly $1 billion in unclaimed refunds waiting to be retrieved, IRS officials emphasize the importance of acting swiftly. Among the approximately 940,000 individuals nationwide who have unclaimed refunds, the average median refund stands at $932. IRS Commissioner Danny Werfel underscores the urgency, stating that there is still money left on the table for those who may have overlooked or forgotten about these refunds, highlighting the need for timely action to ensure that taxpayers receive what is rightfully theirs.

READ ALSO: Landlord Rejects Seven-Year Offer To House Illegal Migrants: ‘I’d Rather Keep It Empty!’

California Taxpayers: Over 88,000 May Miss Out on $835 Median Refund

The state-specific estimates provided by the IRS reveal that California is among the states with a significant number of individuals who have yet to file their 2020 tax returns. More than 88,000 taxpayers in California alone are among those who may be due refunds, with a median potential refund of approximately $835, according to IRS data. As the deadline approaches, taxpayers are encouraged to check their eligibility for refunds and file their 2020 tax returns promptly to claim the funds owed to them before time runs out.

READ ALSO: UK New Tax Year Changes Offer Financial Relief And Saving Benefits For Families Amid Uncertain Times

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