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$29 Million Unclaimed Federal Tax Refunds Awaiting North Carolina Residents- Are You Eligible?

North Carolina Taxpayers Urged to Act as Millions in Federal Refunds Remain Unclaimed

Millions in Unclaimed Federal Tax Refunds Raise Concerns for North Carolina Taxpayers

Taxpayers in North Carolina are becoming concerned as the deadline for receiving unclaimed federal tax refunds draws near and millions of dollars go unclaimed. According to the IRS, over $29 million in refunds are still pending in North Carolina, where about 27,500 people have not yet submitted their federal tax returns for 2020. The average refund for 2020 is $932, highlighting the substantial amount that is at risk for individuals who have not yet acted.

READ ALSO: Senator Wyden Champions Child Tax Credit Bill In Eugene: Fighting For Families

$29 Million Unclaimed Federal Tax Refunds Awaiting North Carolina Residents- Are You Eligible? (PHOTO: NewsNation)

IRS Flags Unclaimed Stimulus Payments: North Carolina Taxpayers Urged to Act Before Deadline

In addition, the IRS draws attention to another problem: up to 175,000 North Carolinians who qualify have not filed claims for the COVID-era Recovery Rebate Credits for 2020 and 2021—also known as stimulus payments. The IRS reassures taxpayers that there is no penalty for claiming a refund on a late-filed tax return, even in spite of the approaching deadline. People should move quickly to obtain any unclaimed refunds before the May 17th deadline, and they should consider options like opening an IRS Online Account to find out if they have earned Economic Impact Payments from the COVID-19 pandemic.

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

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