The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?

The IRS is warning taxpayers that they may be leaving more than $1 billion on the table

Mar 26, 20240

Mark Lennihan, Associated Press count

FILE - A box filled with dollar bills is shown in New York, April 3, 2019. The IRS is warning taxpayers that they may be leaving more than $1 billion on the table. The federal tax collector said Monday, March 25, 2024, that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020. (AP Photo/Mark Lennihan, File)

WASHINGTON - The IRS is warning taxpayers that they may be leaving more than $1 billion on the table.

The federal tax collector said Monday that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide.

The average median refund is $932 for 2020. Texas (93,400), California (88,200), Florida (53,200) and New York (51,400) have the largest amount of people potentially eligible for these refunds.

https://www.startribune.com/the-irs-has-940000-unclaimed-tax-refunds-from-2020-that-are-about-to-expire-is-one-of-them-yours/600353907/