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Showing posts from June, 2023

The State of Texas has the most unclaimed potential refunds in the amount of approximately $142M with the average refund being $924.

Nea rly 1.5 million taxpayers across the nation have unclaimed refunds for tax year 2019 but face a July 17th deadline to submit their tax return. The COVID Pandemic, which resulted in the Nation being shut down during the 2019 tax filing deadline resulted in outstanding tax returns being forgotten.  For 2019, t he average median refund outstanding is $893. As mentioned in IRS Issue Number IR-2023-79 , the IRS has done a state-by-state calculation to display how many taxpayers are potentially eligible for the unclaimed refunds.  The top 10 states who have refunds outstanding are listed as follows: No. State Individuals Avg. Refund Potential Refund 1 Texas 135,300 $924 $142,235,200 2 California 144,700 $856 $141,780,000 3 Florida 89,300 $893 $89,530,400 4 ...