Thousands in Alaska Missing Out on Millions in Unclaimed Tax Refunds
IRS Reports Nearly 940,000 Americans Haven’t Filed 2020 Taxes; Alaskans Owed $4M+ in Refunds
The IRS shared some concerning news: almost 940,000 Americans haven’t done their 2020 taxes yet. In Alaska, over 3,700 folks are missing out on more than $4 million in refunds. If you didn’t do your 2020 taxes, you might be owed some cash. On average, Alaskans who didn’t file could get back over $900.Each year, around one to one and a half million people don’t file their taxes for different reasons. You usually have three years to claim your tax refund before it goes to the government. Because of COVID-19, the deadline for 2020 taxes got extended to May 2024.
READ ALSO: 2020 Tax Refunds 940,000 – Set To Expire Soon: Time Running Out!
$4M in Tax Refunds Await Residents in Alaska, IRS Reveals- Don’t Miss Out! (PHOTO: Yahoo Finance)
2020 Unclaimed Tax Refunds Exceed $1 Billion; Important Deadlines and Credits to Consider
The total unclaimed refunds from 2020 are over $1 billion. This doesn’t count some credits like the earned income tax credit or recovery rebate credit. If you’re eligible, these credits could increase your refund. The deadline to do your 2020 taxes is May 17. Start gathering your important papers, like income statements and receipts, to file your taxes. And remember, the deadline for your 2024 taxes is April 15.
READ ALSO: Claim Your 2020 Tax Refund By May 17th To Avoid Missing Out!
