The Internal Revenue Service has made an important estimate. The IRS has unveiled that taxpayers in the State of Texas have about $94,792,200 in potential refunds for the 2021 tax year.
Thus, it implies that about 102,200 taxpayers may qualify for an IRS tax refund for 2021. The thing is these American citizens who have unclaimed refunds from 2021 have a fast-approaching deadline.
What is the IRS median refund in Texas for 2021?
The median potential refund in Texas is $810 for those who have not claimed their 2021 tax refunds yet. What does median mean? It means that half of the 2021 tax refunds are higher than $810, and the other half lower.
This is a fantastic amount because the median refund for all taxpayers in the United States is $781. What is more, it does not include any Recovery Rebate Credit in this median refund amount.
Therefore, your payment from the IRS could be even higher if you qualify for a stimulus check in the 2021 tax year. The deadline to claim 2021 refunds and stimulus checks will be the same one.
IRS deadline for unclaimed 2021 refunds
If you would like to file your 2021 tax return because you think you may qualify for a median refund worth $810, you can apply before the April 15 deadline is over.
As previously mentioned, the April 15, 2025 deadline will also be the last chance to claim the 2021 Recovery Rebate Credit. Thus, it could mean getting more money from the IRS.
Texas is not the only State that has large median refund amounts. Alaska has median potential refunds worth $832, Connecticut could send about $860, and Hawaii about $865.
Hire a tax professional if you need help to file your 2021 tax return and you are not sure what you need to do. Visit the IRS website for more information regarding this topic. https://www.irs.gov/newsroom/taxpayers-should-act-now-to-claim-more-than-1-billion-in-refunds-for-tax-year-2021-with-the-april-15-deadline-fast-approaching. Do not miss out this opportunity to get extra money.