NBC 5 DFW is reporting on a rapidly approaching tax deadline that not everyone might be aware of.
“April 15 has come and gone, but there’s another important tax deadline ahead. The IRS estimates Texans have $107 million in unclaimed federal income tax refunds for the 2020 tax year — when many refunds were boosted because of pandemic-related changes. … After May 17, the money becomes the property of the U.S. Treasury. Typically, taxpayers have three years to file an old return and claim a refund. During the filing season for the 2020 tax year, the April tax deadline was pushed to May 17, 2021. That means the three-year window for 2020 returns closes on May 17, 2024,” NBC 5 reported.
To read the whole article by NBC 5, click HERE.