More than $1 billion in tax refunds are unclaimed and expiring. “We want taxpayers to claim these refunds, but time is running out for those who may have overlooked or forgotten them,” authorities explain.
It is estimated that the average amount will be more than $900. You now have until May 17, 2024 to claim your refund for the 2020 tax year. The IRS estimates the average refund for 2020 is $932; Half of the declarations will be 932 and the other half will be smaller.