IRS owes hundreds of thousands in unclaimed tax refunds. Here is your final probability to say your cash


Does the IRS have an revenue tax refund it’s worthwhile to declare by Might 17? You will have at some point to verify.

Sarah Tew/CNET

When you’ve circled Might 17 in your calendar as Tax Day, know that Monday can be the deadline to file for an unclaimed 2017 income tax refund with the IRS. After Might 17, the IRS turns any unclaimed refund cash for 2017 over to the Division of the Treasury. The IRS estimates 1.3 million taxpayers have $1.3 billion price of unclaimed 2017 tax refunds. When you’ve not filed a federal revenue tax return for 2017, file now to get a refund the IRS might owe you.

With Tax Day moved to Might 17 this 12 months, the IRS remains to be hip-deep in work, processing tax returns, sending weekly batches of stimulus checks and “plus-up” payments and getting ready to ship as quickly as July the primary of the expanded child tax credit payments.

We’ll present you how you can see if the IRS has an revenue tax refund it’s worthwhile to declare after which how you can file for it. For extra, here is how you can get back $16,000 in child care expenses, how the IRS is dealing with the tax break for many who paid taxes on unemployment advantages in 2020, how to track your tax refund and what you wish to find out about child tax credit payments. This story is incessantly up to date.

What’s the IRS deadline to say an older tax refund?

The IRS is required to carry on to unclaimed revenue tax refunds for 3 years. By regulation, if you don’t file for a refund after three years, the cash turns into the property of the US Treasury, and also you will be unable to get it. For a 2017 income tax refund, it’s worthwhile to declare by Tax Day — that is Might 17 — earlier than it is gone.

How can I see if the IRS has an unclaimed tax refund for me?

The one option to know if the IRS is holding your refund is to file a return for the 12 months, the IRS mentioned. The company frequently estimates the greenback quantity of unreported tax returns however cannot decide if a person taxpayer is due a refund till they file a tax return. The Where’s My Refund tool can not help both. It experiences the refund standing of those that have already filed their taxes.

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How do I declare my revenue tax refund from the IRS?

To assert a refund for 2017, it’s worthwhile to submit your 2017 tax type, both online or via the mail. When you’re mailing it, the tax return must be postmarked by Might 17. Be aware that you could be must file a 2018 and 2019 tax return too for the IRS to launch your 2017 refund.

What if I am lacking paperwork I must file my 2017 revenue tax return?

You will discover a previous 12 months’s tax kinds on the IRS’ forms page. When you’re lacking a W-2, 1098, 1099 or 5498 from 2017, the IRS recommends you request a replica out of your employer or financial institution. You can too order a free wage and revenue transcript from the IRS after which use the knowledge on the transcript to file your tax return.


The IRS might have a tax refund it’s worthwhile to declare by Might 17.

Sarah Tew/CNET

Can an unclaimed tax refund be used to cowl debt?

When you suppose you had been due a refund from 2017 however you do not obtain one after you file, all or a part of your refund may have been offset, or used to repay past-due federal tax, state revenue tax, state unemployment compensation money owed, baby help, spousal help or different federal money owed equivalent to student loans.

For extra details about your 2020 taxes, here is how to claim missing stimulus money on your taxes and how to track your tax fund this year.

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