IRS Says Deadline Approaching , For Over $1 Billion , in 2020 Tax Refunds.<br />NBC reports that the Internal Revenue Service has <br />alerted anyone who didn't file a tax return at the height <br />of the pandemic that they may be eligible for a refund.<br />According to the IRS, over $1 billion<br />in unclaimed refunds for 2020 <br />are waiting to be claimed. .<br />Due to the COVID-19 pandemic, <br />U.S. taxpayers got an extension on <br />the normal three-year filing window. .<br />The new due date is now May 17, 2024, <br />meaning the last chance for taxpayers <br />to claim their 2020 refund is looming. .<br />There’s money remaining <br />on the table for hundreds <br />of thousands of people who <br />haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.<br />There’s money remaining <br />on the table for hundreds <br />of thousands of people who <br />haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.<br />We want taxpayers to claim these refunds, <br />but time is running out for people who may <br />have overlooked or forgotten about these <br />refunds. There’s a May 17 deadline to file <br />these returns so taxpayers should start <br />soon to make sure they don’t miss out, Danny Werfel, IRS Commissioner, via NBC.<br />According to IRS estimates, , the median refund , for 2020 was $932. .<br />People faced extremely unusual <br />situations during the pandemic, <br />which may have led some people <br />to forget about a potential refund <br />on their 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.<br />People may have just overlooked these, <br />including students, part-time workers <br />and others. Some people may not realize <br />they may be owed a refund. We encourage <br />people to review their files and start <br />gathering records now, so they don’t <br />run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC.<br />People may have just overlooked these, <br />including students, part-time workers <br />and others. Some people may not realize <br />they may be owed a refund. We encourage <br />people to review their files and start <br />gathering records now, so they don’t <br />run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC.<br />NBC reports that the IRS noted that 2020 <br />tax refunds could be withheld if the taxpayer <br />also failed to file returns in 2021 or 2022
