IRS Reveals $92 Million in Unclaimed California Tax Returns: Do You Qualify?

The Internal Revenue Service (IRS) has announced that approximately $92 million in tax refunds remain unclaimed by California residents. This revelation, part of a broader initiative to return unclaimed funds to taxpayers, underscores the importance of filing tax returns, even if no taxes are owed. The deadline to claim these refunds is fast approaching, set for May 17, 2025.

According to the IRS, the unclaimed funds belong to an estimated 82,000 Californians who did not file their 2021 tax returns. The average refund amount is about $1,121, a significant sum that could provide much-needed financial relief to many. The IRS emphasizes that these refunds are often overlooked by individuals who might not realize they are due money from the government.

Eligibility for these refunds extends to those who did not file a return in 2021 due to low income or other reasons. The IRS is urging all potentially eligible taxpayers to review their records and file a return if they believe they may be entitled to a refund. The process involves completing and submitting Form 1040 or 1040-SR, which can be done electronically or by mail.

This initiative comes at a crucial time as many Californians continue to grapple with economic challenges. The unclaimed funds could offer a lifeline to those struggling with the rising cost of living, helping to cover essential expenses such as rent, utilities, and groceries.

For more information on how to claim these refunds, Californians are encouraged to visit the IRS website or contact a local tax assistance center. The IRS is also offering free tax preparation services through various community organizations to help those who need assistance in filing their returns.

• 2021 tax returns
• California
• IRS

Detailed

IRS wants to reimburse Calif. taxpayers $92 million. Do you qualify?

3 weeks ago

- latimes