The IRS is warning Americans to hurry up and collect $1 billion left on the table in 2020 – or risk missing out on the cash. The tax collection agency announced that nearly 940,000 people nationwide face a May 17 deadline to submit their tax returns for unclaimed refunds for the 2020 tax year. Collectively, the refunds are worth more than $1 billion. "There’s money remaining on the table for hundreds of thousands of people who haven’t filed 2020 tax returns ," said IRS Commissioner Danny Werfel.
"We want taxpayers to claim these refunds, but time is running out for people who may have overlooked or forgotten about these refunds." REMOTE WORKERS FACE A DOUBLE TAXATION THREAT The median refund for 2020 is $932. Texas, California, Florida and New York have the largest number of taxpayers eligible for the money. Many low- and moderate-income workers are also eligible to claim the Earned Income Tax Credit, which is worth as much as $6,660 for taxpayers with qualifying childre
IRS Tax Refunds Unclaimed Refunds Tax Returns Deadline Taxpayers Money Earned Income Tax Credit
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