Today is the Final Day to Claim Unfiled 2020 Tax Refunds
The IRS urges nearly one million Americans to file their 2020 returns to access over $1 billion in unclaimed refunds.
- An estimated 940,000 taxpayers have until today to file for 2020 tax refunds.
- Unclaimed refunds total over $1 billion, with median payments around $932.
- No penalties apply for late filing if a refund is due, but the three-year window closes today.
- Eligible taxpayers may also claim additional pandemic-related credits like the Recovery Rebate Credit.
- The IRS provides online tools to help taxpayers access necessary forms and information.