The IRS has issued a warning that over $1 billion in tax refunds from the 2021 tax year could be claimed by the U.S. Treasury unless over 1.1 million Americans file their Form 1040 by the upcoming deadline. This affects individuals who failed to file their 2021 federal tax returns, which were due in April 2022.
In Georgia alone, 38,500 taxpayers are at risk of losing a median refund of $720, amounting to a total of $33.5 million. Other states, including Pennsylvania, Massachusetts, and Rhode Island, could see median refunds exceeding $900.…