Massachusetts taxpayers may claim $26.5M in refunds

The IRS has announced that around 27,000 taxpayers in Massachusetts are owed an estimated $26.5 million in unclaimed refunds from the 2021 tax year. These refunds must be claimed by April 15, 2025. Nationwide, over 1.1 million taxpayers have unclaimed refunds totaling more than $1 billion. Many of these individuals either did not file their 2021 income taxes or did not claim the Earned Income Tax Credit. This credit helps low and moderate-income families with children. Federal law allows taxpayers three years to claim their refunds. If they do not file within that time, the money will go to the U.S. Treasury. In Massachusetts, the potential median refund for individuals is $936. Taxpayers can check if they are eligible for a refund by visiting the IRS website and using the Individual Online Account. This resource provides tax records and information about compliance with previous tax filings. Additionally, individuals can request necessary tax information from their former employers or directly from the IRS by filing a Form 4506-T.