UNCLAIMED 2016 IRS REFUNDS DEADLINE
The IRS has issued a reminder that time is running out to claim your 2016 tax refund if you did not file a 2016 federal return. The U.S. Treasury is currently holding unclaimed 2016 refunds totaling over $1.5 billion. The deadline to file a 2016 IRS return and claim your refund is July 15, 2020.
If you are entitled to a refund for tax year 2016 (or any later year), you will not be charged a penalty for submitting your return after the original filing deadline. However, the IRS only allows a three-year window to claim a tax refund. Since the original filing due date for 2016 returns was April 15, 2017, this three-year window would have normally expired on April 15, 2020.
In response to the COVID-19 (coronavirus) pandemic, the IRS extended the final deadline to July 15. After that date, unclaimed 2016 federal tax refunds will become the property of the U.S. Treasury. If you have not yet filed your 2016 return, file today to claim your refund before it’s too late.