Unclaimed IRS refunds refer to money that is owed to taxpayers by the Internal Revenue Service (IRS) but has not been claimed. This can happen for a variety of reasons, such as incorrect mailing addresses, changes in phone numbers, or simply overlooking the refund.

The IRS has issued a reminder that time is running out to claim your 2020 tax refund if you did not file a 2020 federal return. The deadline to file a 2020 IRS return and claim your refund is May 17, 2024. Filing a missed 2020 return may also qualify for the Earned Income Tax Credit (EITC), Recovery Rebate Credit or other credits if you meet the requirements.

By law, there is a limited three year window to claim a refund. After that date, unclaimed 2020 federal tax refunds will become the property of the U.S. Treasury.