May 17 is the last chance to file 2020 returns and claim your refund — which could include missed pandemic relief, experts say.
As of May 6, there was still an estimated $1 billion in unclaimed refunds from tax year 2020, and the median possible payment was $932, according to the IRS.
But roughly 940,000 taxpayers could surrender their 2020 refund payment if they don't file by May 17, the agency explained in May.
The 2020 tax deadline was postponed to May 17, 2021, amid the pandemic — and the three-year deadline to file 2020 returns and collect refunds is now upon us.
"If you let if you let it slip, there's nothing anybody can do," said Bill Smith, national director of tax technical services at financial services firm CBIZ MHM.
Persons:
John Karls, Bill Smith, CBIZ
Organizations:
Finance