The Internal Revenue Service (IRS) is reminding about 1 million people who didn't file their tax returns for 2020 to file claims for more than $1 billion in owed refunds before May 17 deadline.
The Internal Revenue Service is reminding about 1 million people who didn't file their tax returns for 2020 to file claims for more than $1 billion in owed refunds. The deadline to file a refund claim for tax year 2020 is May 17. About 1 million people who didn’t file their tax returns for 2020 may still be eligible for a refund from the Internal Revenue Service , the agency said.
While there is no penalty for failure to file if a refund is due, all returns must be filed within three years of its deadline for a refund to be allowed, according to afrom the IRS. The deadline to file tax refunds for 2020 was May 17, 2021, a deadline that was extended from its usual April 15 date due to the COVID-19 pandemic.
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