Attention Taxpayers: Unclaimed Refund Alert!
The IRS has a message for nearly a million Americans:
You might be missing out on money! As of March 25, 2024, there’s over $1 billion in tax refunds for 2020 that haven’t been claimed.
If you haven’t filed your tax return for 2020, you could miss an average of $932 refund.
But hurry – the deadline to claim your money is May 17, 2024.
Why Haven’t People Claimed Their Money?
Many folks might not even know they have a refund waiting.
The pandemic caused a lot of confusion, and it’s easy to forget about taxes when you’re dealing with so much.
Students, part-time workers, and many others could have refunds due.
And if you’re a low or moderate income worker, you might also qualify for the Earned Income Tax Credit, which could add up to $6,660 more!
Need to File 2020 Tax Return?
Don’t worry if you’ve misplaced some documents.
The IRS offers several ways to help you get what you need to file:
- Get Copies of Missing Documents: Ask your employer, bank, or other payers for copies of forms like W-2 or 1099.
- Use the IRS Website: The ‘Get Transcript Online’ tool on IRS.gov is a fast way to get a summary of your wages and income.
- Request a Transcript: If you can’t get what you need online, fill out Form 4506-T to ask the IRS for a detailed transcript.
But you should start early to make sure they have enough time to file before the May deadline for 2020 refunds.
State-by-State Estimated Individual Income Tax Refund For Tax Year 2020
Based on tax information currently available, the IRS estimated how many people in each state may be entitled to a tax refund.
The actual refund amount will vary based on a household’s tax situation.
| State or district | Estimated number of individuals | Median potential refund | Total potential refunds * |
|---|---|---|---|
| Alabama | 15,200 | $926 | $16,839,800 |
| Alaska | 3,700 | $931 | $4,335,300 |
| Arizona | 25,400 | $871 | $26,939,600 |
| Arkansas | 8,700 | $923 | $9,392,600 |
| California | 88,200 | $835 | $94,226,300 |
| Colorado | 18,500 | $894 | $20,109,900 |
| Connecticut | 9,800 | $978 | $11,343,600 |
| Delaware | 3,600 | $945 | $4,156,500 |
| District of Columbia | 2,900 | $968 | $3,503,800 |
| Florida | 53,200 | $891 | $58,210,500 |
| Georgia | 36,400 | $900 | $39,175,600 |
| Hawaii | 5,200 | $979 | $5,972,600 |
| Idaho | 4,500 | $761 | $4,369,600 |
| Illinois | 36,200 | $956 | $40,608,000 |
| Indiana | 19,200 | $922 | $20,893,000 |
| Iowa | 9,600 | $953 | $10,601,700 |
| Kansas | 8,700 | $900 | $9,285,600 |
| Kentucky | 10,600 | $920 | $11,236,300 |
| Louisiana | 15,100 | $957 | $17,357,300 |
| Maine | 3,800 | $923 | $4,030,200 |
| Maryland | 22,200 | $991 | $26,365,400 |
| Massachusetts | 21,800 | $975 | $25,071,800 |
| Michigan | 34,900 | $976 | $38,274,800 |
| Minnesota | 13,500 | $818 | $14,043,900 |
| Mississippi | 8,100 | $861 | $8,685,000 |
| Missouri | 19,500 | $893 | $20,803,400 |
| Montana | 3,400 | $851 | $3,632,100 |
| Nebraska | 4,700 | $901 | $5,007,300 |
| Nevada | 10,200 | $890 | $11,143,900 |
| New Hampshire | 4,200 | $982 | $4,923,100 |
| New Jersey | 24,400 | $920 | $27,408,300 |
| New Mexico | 6,500 | $868 | $7,032,700 |
| New York | 51,400 | $1,029 | $60,837,400 |
| North Carolina | 27,500 | $895 | $29,304,100 |
| North Dakota | 2,200 | $953 | $2,482,600 |
| Ohio | 31,400 | $909 | $32,939,900 |
| Oklahoma | 14,300 | $902 | $15,566,900 |
| Oregon | 15,300 | $847 | $15,857,800 |
| Pennsylvania | 38,600 | $1,031 | $43,412,900 |
| Rhode Island | 2,600 | $986 | $2,980,500 |
| South Carolina | 11,900 | $840 | $12,564,900 |
| South Dakota | 2,200 | $892 | $2,346,300 |
| Tennessee | 16,800 | $909 | $18,007,000 |
| Texas | 93,400 | $960 | $107,130,200 |
| Utah | 7,800 | $836 | $8,191,700 |
| Vermont | 1,700 | $911 | $1,818,600 |
| Virginia | 25,900 | $914 | $28,944,600 |
| Washington | 26,200 | $976 | $31,110,300 |
| West Virginia | 3,800 | $950 | $4,130,400 |
| Wisconsin | 11,800 | $837 | $12,139,400 |
| Wyoming | 2,100 | $961 | $2,416,300 |
| Totals | 938,800 | $932 | $1,037,161,300 |
