The IRS announced that unclaimed income tax refunds worth more than $1.3 billion await an estimated 1.3 million taxpayers who did not file a 2017 Form 1040. Most of these taxpayers must file by May 17, 2021, to claim a refund.
“The IRS wants to help taxpayers who are due refunds but haven’t filed their 2017 tax returns yet,” said IRS Commissioner Chuck Rettig. “Time is quickly running out for these taxpayers. There’s only a three-year window to claim these refunds, and the window closes on May 17. We want to help people get these refunds, but they will need to quickly file a 2017 tax return,” he added.
The IRS also reminded taxpayers seeking a 2017 tax refund that their refund checks might be held if they have not filed tax returns for 2018 and 2019. Further, the refund will be applied to any amounts still owed to the IRS/state tax agency, and might be used to offset unpaid child support or past due federal debts.
Taxpayers unable to get missing forms from their employer or other payer can order a free wage and income transcript using the Get Transcript Online tool. Current and prior year tax forms (TY 2017 Form 1040) and instructions are available on the IRS website ( https://www.irs.gov/forms-instructions) or by calling 800-829-3676.