The IRS is warning California residents that over $92.3 million in tax refunds is pending for 116,300 taxpayers who have not yet filed their 2021 tax returns. The deadline to file is April 15, and failure to do so means that unclaimed refunds will revert to the U.S. Treasury. The IRS suggests using their mobile app to check eligibility for various credits, including the Earned Income Tax Credit, which can significantly increase refunds for qualifying individuals. Taxpayers are advised to gather necessary documentation early to ensure timely filing.
A trove of cash could be forfeited if Californians fail to complete a previous year's tax return by next month, according to the Internal Revenue Service.
The IRS is currently sitting on about $92.3 million, ready to be dispersed among 116,300 state taxpayers who have yet to file their 2021 taxes.
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