Rob Wile is a breaking business news reporter for NBC News Digital.
If you didn't file a tax return amid the worst of the Covid-19 pandemic and believe you're eligible for a refund, the Internal Revenue Service wants to hear from you. 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. Due to the pandemic, filers got an unusual extension on the regular three-year return-filing window.
There’s a May 17 deadline to file these returns so taxpayers should start soon to make sure they don’t miss out.” The IRS estimates the median refund amounts for 2020 to be $932 — that is, half of the refunds are more than $932 and half are less. “People faced extremely unusual situations during the pandemic, which may have led some people to forget about a potential refund on their 2020 tax returns,” Werfel said.
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