DALLAS – The Dallas Morning News reports that more than 93,000 Texans have unclaimed tax refunds, but the deadline to file a tax return is approaching. The IRS said this week 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. In Texas, unclaimed refunds total $107 million, with a median refund of $960. The national median refund for 2020 is $932. \u00e2\u20ac\u0153There\u00e2\u20ac\u2122s money remaining on the table for hundreds of thousands of people who haven\u00e2\u20ac\u2122t filed 2020 tax returns,\u00e2\u20ac\u009d IRS Commissioner Danny Werfel said in a statement \u00e2\u20ac\u0153We want taxpayers to claim these refunds, but time is running out for people who may have overlooked or forgotten about these refunds.\u00e2\u20ac\u009d Taxpayers typically have three years to file and claim their tax refunds before the money becomes the property of the U.S. Treasury. Because of the COVID-19 pandemic, the deadline for 2020 was extended from 2023 to 2024.<\/p>\n
By not filing a return, taxpayers could lose more than a refund. Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit, which in 2020 was worth up to $6,660 for taxpayers with qualifying children. The program helps individuals and people whose incomes are below certain thresholds. \u00e2\u20ac\u0153People faced extremely unusual situations during the pandemic, which may have led some people to forget about a potential refund on their 2020 tax returns,\u00e2\u20ac\u009d Werfel said. For those who need to file a return, the IRS advises taxpayers to request their W-2, 1098, 1099 or 5498 from their employer or bank \u00e2\u20ac\u201d or order a free wage and income transcript using the \u00e2\u20ac\u0153Get Transcript Online\u00e2\u20ac\u009d tool at IRS.gov. This week\u00e2\u20ac\u2122s announcement from the IRS comes weeks after the federal tax collector launched a pilot program called Direct File in a dozen states, including Texas. Some 50,000 people in those states have used the free program so far this year.<\/p>\n","protected":false},"excerpt":{"rendered":"
DALLAS – The Dallas Morning News reports that more than 93,000 Texans have unclaimed tax refunds, but the deadline to file a tax return is approaching. The IRS said this week 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 … Continue reading IRS owes Texans $107 million in unclaimed tax refunds.<\/span><\/a><\/p>\n","protected":false},"author":65,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[177],"tags":[],"class_list":["post-1309425","post","type-post","status-publish","format-standard","hentry","category-local-news-archive-archives"],"publishpress_future_action":{"enabled":false,"date":"2026-06-13 02:36:49","action":"change-status","newStatus":"trash","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1309425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1309425"}],"version-history":[{"count":1,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1309425\/revisions"}],"predecessor-version":[{"id":1309431,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1309425\/revisions\/1309431"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1309425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1309425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1309425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}