The International Revenue Service says people have until May 17 to file their 2020 taxes and get back any money they’re owed like tax refunds and credits which could add up to about $1 billion. States like Texas, California, and Florida are owed the most money.
International Revenue Service Extends Deadline for 2020 Tax Returns – Offering Access to $1 Billion in Refunds and Credits
According to WTAJ, the International Revenue Service has a big announcement for taxpayers if you haven’t filed your 2020 tax return yet you might be missing out on a lot of money. Until May 17, you can still claim your part of around $1 billion in refunds. This extension is because of COVID-19 delaying things in 2020.
Not filing your 2020 taxes means you could be missing out on more than just a refund. There are also tax credits you might be eligible for. These include the EITC for low-income workers with families and the Recovery Rebate Credit for those who missed out on stimulus checks. But if you wait too long, you might miss your chance to claim them.
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$1.4 Billion in Unclaimed Refunds: International Revenue Service Urges Taxpayers to File 2020 Tax Returns before May 17 Deadline! (PHOTO: FOX 13 Seattle)
Top States for Potential Tax Refunds Revealed by International Revenue Service – Urges Taxpayers to File Before May 17 Deadline
Furthermore, the International Revenue Service says the states with the most potential refunds are Texas, California, and Florida. But no matter where you live if you didn’t file your 2020 taxes yet, you could be owed some money. So, if you’re in this situation, don’t wait. Make sure to file your taxes before May 17 to claim what’s rightfully yours.
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