IRS: 940,000 Americans Have 2 Weeks to Get Unclaimed Tax Refunds

More than $1 billion in unclaimed refunds from the 2020 tax year are slated to expire in just two weeks from Friday, the Internal Revenue Service (IRS) says. About 940,000 taxpayers across the United States have until Friday, May 17 to submit their 2020 returns to get the unclaimed funding, the agency has said. The median refund is believed to be around $932. In a standard year, tax filers have three years to claim past refunds by the April 15 deadline. The IRS has said that the deadline was extended to May 17 due to the COVID-19 pandemic. After the May 17 deadline, those unclaimed funds will become property of the federal government, according to the IRS. Due to the fast-approaching deadline, taxpayers should act quickly to obtain those documents, the agency recently said....