People in North and South Carolina need to hurry and claim their possible tax refunds for 2020 by May 17 with almost 940,000 Americans across the country eligible for unclaimed refunds, averaging about $932 each, and IRS Commissioner Danny Werfel saying it’s important to act fast to avoid missing out on unclaimed money advising people to get help to make sure they get all the money they’re owed.
Claim Your 2020 Unclaimed Refund Before May 17 Deadline in North and South Carolina
According to WNCT, as of the May 17 deadline, residents in North and South Carolina should hurry to claim their possible tax unclaimed refunds for 2020. Nearly 940,000 people across the country might have unclaimed refunds waiting, averaging around $932 each. In North Carolina, about 27,500 people could get unclaimed refunds of $895 totaling over $29 million. Similarly, in South Carolina, around 11,900 residents might receive an average refund of about $840, adding up to over $12 million in unclaimed refunds.
IRS Commissioner Danny Werfel stresses the importance of acting quickly to seize this opportunity before it’s too late. If taxpayers miss the three-year window to claim their unclaimed refunds, the money goes to the U.S. Treasury. Even though the deadline for 2020 returns was extended to May 17, 2024, due to COVID-19 many people including students and part-time workers may still not realize they’re eligible for refunds.
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$943 Million in Unclaimed Refunds: Claim Your Share Before May 17 Deadline! (PHOTO: Kiplinger)
Secure Your 2020 Unclaimed Refund Before Time Runs Out in North and South Carolina
Furthermore, with time running out individuals must check if they’re owed a unclaimed refund and file their 2020 tax returns promptly. The pandemic may have caused many to overlook their entitlements so it’s essential to take proactive steps to ensure they receive their rightful refunds. Seeking guidance from tax professionals can help navigate the process and maximize potential refunds for eligible individuals.
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