IRS has $1.5 billion in unclaimed refunds. But April 18 is last day to claim the money.
CBSN
The IRS said it has unclaimed tax refunds of almost $1.5 billion — and the tax agency is urging people to act before April 18 to claim any money that's due to them.
The unclaimed refunds stem from about 1.5 million taxpayers who didn't file a tax return in 2018, the agency said. Because there's a three-year period to claim the refunds, the window for getting the money will close for most taxpayers on April 18, which is this year's tax deadline for federal taxes. People in Maine and Massachusetts have until April 19, 2022, to claim the refunds, due to the two states' Patriots' Day holidays.
The median value of the unclaimed tax refunds is $813 — which means half of the unclaimed refunds will be below $813, and half will be higher than that, the IRS said.
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