Final Deadline: The IRS has announced a final chance to claim any missed stimulus-check money and other refunds from 2020. The deadline is May 17, 2024.
Over $1 Billion at Stake:
There's more than $1 billion in refund money from 2020 that could slip away if taxpayers don't act fast, according to the IRS.
Three-Year Deadline: Taxpayers have a three-year deadline to file a tax return and claim a refund. After that, the money reverts to the Treasury Department.
Stimulus Checks Recap:
In 2020, the CARES Act and subsequent legislation authorized direct payments, totaling $271.4 billion in the first round and $141.4 billion in the second round.
Claiming Missed Payments:
If you missed out on the initial rounds of payments or didn't receive the full amount, you can claim the money by filing a tax return.
How to File: Gather your 2020 tax forms from employers and other income sources. If you can't find them, request a tax transcript from the IRS using Form 4506-T
Consider using free filing services like GetYourRefund.org or seek assistance from Volunteer Income Tax Assistance centers.
Act Now:
Don't risk missing out on your refund money. Start gathering your records and file your tax return before the May 17 deadline.