The IRS has revealed that billions of dollars in unclaimed tax refunds are available, often due to unfiled returns or errors. For 2025, $1 billion affecting over 1.1 million people remains unclaimed, primarily due to taxpayers either failing to file, moving without updating their address, or overlooking refundable credits. The average unclaimed refund is estimated at $781. It's crucial for taxpayers to check for these funds, as the IRS only holds onto unclaimed refunds for a limited time.
These unclaimed refunds arise from various situations, such as failing to file a return, errors in filing, or undelivered refund checks.
The IRS holds a significant amount of unclaimed tax refunds annually, such as over $1 billion affecting more than 1.1 million individuals for the year 2025.
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