WASHINGTON, March 26 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following news release on March 25, 2024: The Internal Revenue Service announced today that almost 940,000 people across the nation have unclaimed refunds for tax year 2020 but face a May 17 deadline to submit their tax returns. The IRS estimates more than $1 billion in refunds remain unclaimed because people haven't filed their 2020 tax returns yet. The average median refund is $932 for 2020, and  more