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In New Jersey, it's estimated that 24,400 people may be entitled to an unclaimed tax refund from 2020, with the median refund sitting at $920. IRS has $1 billion in unclaimed tax refunds from 2020 ...
The federal tax collector said Monday that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion ...
In an announcement on March 25, 2024, the IRS said that more than $1 billion in refunds for tax year 2020 are still unclaimed, involving 940,000 taxpayers. The average median refund is $932 for 2020.
Taxpayers typically have three years to file and claim tax refunds, otherwise the money becomes the property of the U.S. Treasury. Generally the deadline to claim old refunds falls around the April 15 tax deadline, but this year the three-year window for 2020 unfiled returns was postponed to May 17, because of the COVID-19 pandemic.
The Internal Revenue Service said Monday that there is more than $1 billion in unclaimed refunds sitting out there because almost 940,000 people haven't filed their 2020 tax returns yet.
The agency said this week that more than $1 billion in unclaimed refunds for tax filing year 2020 are sitting in its coffers, and that it's still possible for eligible filers to claim.
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