The deadline to submit a return for 2020 is May 17.
that nearly 940,000 Americans haven’t filed their 2020 tax return. The IRS estimates that 3,700 Alaskans are owed more than $4 million in unclaimed refunds.
IRS spokesperson Rodney Bearman said if you didn’t file your taxes for 2020, you could have a refund waiting for you. He said the average estimated refund for Alaskans who haven’t filed is over $900.“There are plus or minus a million to a million and a half people that do not file for some reason or another and every individual’s circumstances vary greatly,” Bearman said.
Taxpayers typically have three years to file and claim their tax refund before it becomes property of the U.S. Treasury. The 2020 deadline wasBearman said there’s more than $1 billion in total unclaimed refunds from the 2020 tax year. He said the estimate doesn’t include credits, like the earned income tax credit or recovery rebate credit. In 2020, he said the earned income tax credit was worth up to $6,600.
“Because 2020 was a year that COVID adversely impacted many taxpayers, some would be eligible for the recovery rebate credit,” he said. would add even more money to that refund if those non filers chose to file before the deadline.” Berman recommends that those planning to file start gathering key documents, like income statements and expense receipts.is one of our partner stations in Anchorage. KTOO collaborates with partners across the state to cover important news and to share stories with our audiences.
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