$1.2 Billion in Tax Refunds Remain Unclaimed: IRS

If a taxpayer does not claim the refunds, the money eventually becomes the property of the U.S. Treasury.

The IRS building in Washington on March 25, 2024. Madalina Vasiliu/The Epoch Times

Over 1.3 million people across the United States have unclaimed tax refunds amounting to approximately $1.2 billion, according to a March 20 statement from the Internal Revenue Service.

The unclaimed refunds are for taxpayers who have not filed their Form 1040 federal income tax return for the 2022 tax year, with the April 15 deadline to submit returns.