COVID Tax Refund Deadline Is Approaching Fast for Americans
Millions of Americans may still be owed COVID-era tax refunds, but the clock is ticking on the deadline to claim them.
If you haven't checked whether you're owed a COVID-era tax refund, now is the time to act. The IRS has been sitting on unclaimed funds tied to pandemic-period tax credits, and the window to grab what's yours is closing. Miss the cutoff and that money doesn't come back to you — it stays with Uncle Sam permanently.
Many Americans either filed incorrectly during the chaos of 2020 and 2021 or skipped filing altogether, leaving legitimate refunds on the table. The IRS typically allows a three-year lookback window to amend returns or submit late ones. That math means some of those COVID-year windows are expiring right now, not later.
Read more Midyear Money Check-In: 4 Moves the Wealthy Make →
The tradeable angle here is simple: this is found money. Whether it's the Recovery Rebate Credit you missed, a stimulus payment that wasn't properly reconciled, or pandemic-related deductions you overlooked, the IRS doesn't automatically cut you a check if you didn't ask. You have to file to find out.
Don't assume a tax pro already handled it. Double-check your 2020 and 2021 returns specifically. If you never filed for those years, even a simple return could unlock hundreds — or potentially thousands — of dollars. Free filing tools and IRS resources are available to help you sort it out quickly without paying for professional prep.
The bottom line: procrastination here has a real dollar cost. The deadline isn't flexible, and extensions won't save you once the statutory window slams shut. Get your paperwork together and move fast. Continue reading at Yahoo Finance.