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People still have time to file their 2020 taxes

By Thomas Ouellette, IPR News

Posted May 14, 2024

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IRS's Stacy Engle said the website contains free filing resources for seniors, including information to help taxpayers filing on their own. (Lauren Chapman/IPB News)

The deadline for the tax season is typically April 15th. But in 2020, the IRS moved the deadline back a month to May 17th due to COVID-19.

Taxpayers have three years to file their taxes if they’re owed a refund – meaning that if you haven’t filed for 2020 you have until May 17th this year to still get a refund.

Dave Miller is the owner of Miller and Company accounting and tax services. He urges everyone to file as quickly as possible.

“If you ever have to get a loan, if you want to buy a house, usually you have to have your tax returns up to date filed so that mortgage company or whoever might be loaning you money, they’re gonna want to get a transcript from the IRS to double check that information,” said Miller.

According to the IRS, there is over a billion dollars left unclaimed across the country with nearly 21 million dollars coming from Indiana alone.

Those who might be missing key documents like their W-2 can request copies from their employers or bank and help is available for free on the IRS website.

The IRS says taxpayers won’t face a penalty for not filing if a refund is due.