IRS: $1.5 billion in refunds waiting to be claimed, only two weeks left

Over one million Americans are still required to file a tax return with the IRS to see the $1.5 billion dollars waiting to be claimed.

The deadline to claim your refund from the IRS this year is April 18, unless you file for an extension.

In order to claim a refund you’re eligible for whether it’s from wages or claimed credits, you must file a return.

Millions failed to claim refunds for 2018, 2019, and 2020.

This $1.5 billion is for those who never claimed in 2018 and the three year limit is almost up.

IRS: How soon until I see my 2022 tax refund?

Who can get this money from the IRS?

Those who did not file taxes in 2018 can claim their missed refunds.

When Americans are owed a refund, they have three years to claim it.

This means those who failed to claim for 2018 will lose out entirely if they do not claim it this year.

IRS: Claim home office deductions on your tax return

How big could the missed refunds be?

According to the IRS, the average amount for a missed refund is around $813.

States vary for what the average might be.

Oregon has an average of $715 refunds and Alaska’s are as high as $969.

There are credits you may have missed out on in 2018 depending on what you were doing in life.

This could be the earned income tax credit if you had a lower income, the American opportunity credit if you were in school, or child tax credit if you had kids under age 18.