The IRS has alerted more than a million taxpayers that over $1 billion in tax refunds from 2021 remains unclaimed. Approximately 1,142,000 taxpayers are still eligible, with an average refund of around $781. The 2021 tax season was particularly affected by the COVID-19 pandemic, making timely filing more difficult. The deadline to file these returns and claim the refunds is April 15, 2025. Failure to file within three years results in losing the entitlement to these funds, including potential credits such as the Earned Income Tax Credit.
The IRS warns that over a million taxpayers can claim over $1 billion in refunds, but they must file their 2021 tax returns by April 15, 2025.
Taxpayers usually have three years to file and claim their tax refunds; missing the deadline means forfeiting the money to the U.S. Treasury.
Collection
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