After May 17, the Internal Revenue Service will no longer be holding onto more than $1 billion in unclaimed refunds.
Americans have just one day left to claim some major direct payments courtesy of the federal government's previous stimulus checks.After May 17, the Internal Revenue Service will no longer be holding onto more than $1 billion in unclaimed refunds from the tax year 2020.
Typically, the IRS only holds onto refunds for three years after their initial tax deadline.'Americans have so many unclaimed tax dollars due to the pandemic and the aftermath of tax credits and filing delays, which left a whole host of refunds yet to be processed, or tax filings to be neglected,' finance expert Kevin Thompson, the founder and CEO of 9i Capital Group, previously told Newsweek.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No, veterans are not receiving a $3,000 federal stimulus checkThe school board voted 8-0 on April 15 to cancel the anti-bullying assembly scheduled for May 22.
Read more »
Fact Check Team: Americans face retirement gap as savings dwindle, poll revealsWorking age Americans are worried about retiring.
Read more »
Fact Check Team: Study finds majority of Americans at risk of a heart conditionA new study published in the Journal of the American Medical Association found that a majority of American adults are at risk of developing heart disease.
Read more »
Fact Check: Did White House Say WW II Won by 'Americans and Ukrainians'?Video shows the White House press secretary saying the U.S. and Ukraine battled against Hitler and Stalin.
Read more »
Millions of Americans Get $4,800 Social Security CheckThe government sends out benefits weekly depending on when your birthday is during the month and how long you've been receiving benefits.
Read more »
Americans check their phones 144 times a day: How you can break bad digital habitsFrequent use of smartphones can be draining and distracting, yet hard to cut down on. Here are a few ways you can be more digitally mindful.
Read more »