Claim deadline for $1.2B in tax refunds from 2022 nearing, IRS warns
#IRS #tax refunds #deadline #unclaimed funds #2020 tax year #Earned Income Tax Credit #May 17 2024
📌 Key Takeaways
- IRS warns of approaching deadline to claim $1.2 billion in unclaimed 2022 tax refunds
- Taxpayers have until May 17, 2024, to file for refunds from the 2020 tax year
- An estimated 1 million taxpayers are eligible for unclaimed refunds averaging $893 each
- Refunds may be withheld if 2021 and 2022 tax returns are not filed
- Low-income individuals may qualify for additional credits like the Earned Income Tax Credit
The estimated median refund is nearly $700.
🏷️ Themes
Tax Refunds, Deadline Warning
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