IR-2026-37, March 20, 2026 WASHINGTON ― The Internal Revenue Service today announced that over 1.3 million people across the nation have unclaimed refunds for tax year 2022 and face an April 15 deadline to submit their tax returns. The IRS estimates that approximately $1.2 billion in refunds remains unclaimed for taxpayers who have not filed their Form 1040 Federal income tax return for the 2022 tax year. The IRS estimates the median refund amount is $686 for 2022, which means that half of the refunds are more than $686. This estimate does not include credits that may be applicable. Under the law, taxpayers usually have three years to file and claim their tax refunds. If they do not file within three years, the money becomes the property of the U.S. Treasury.

Taxpayers who owe taxes or have not yet filed can benefit from acting early. Taking the steps outlined below can help limit penalties and interest, prevent delays, and make it easier to resolve tax issues. Step 1: Prepare to file your return Before filing, taxpayers should review their return to ensure all income is reported and deductions are claimed correctly, including any deductions reported on Schedule 1-A. Taxpayers should keep records that support the amounts on their returns, such as pay statements or other documentation. Step 2: Review your return before filing Taxpayers who have not yet filed required returns should file as soon as possible, even if they cannot pay the full amount they owe. Filing allows taxpayers to: - Claim available deductions and credits - Reduce failure-to-file penalties - Access payment and resolution options Electronic filing remains the fastest and most accurate way to submit a return. The IRS encourages taxpayers to file electronically to ensure timely delivery of their returns. Step 3: Make a payment, even if it is partial Taxpayers who owe taxes are encouraged to pay as much as they can by the deadline. Paying even part of the balance can reduce penalties and interest. Electronic payment options are available through IRS.gov. Step 4: Set up a payment plan, if needed Taxpayers who cannot pay their full balance may qualify for a payment plan. Many taxpayers can: - Request an installment agreement online - Choose a payment schedule that fits their situation Setting up a payment plan early can help prevent balances from growing. Step 5: Respond promptly to IRS notices Taxpayers who receive an IRS notice should read it carefully and respond by the date listed. Notices may request: - Payment - Additional information - Action to correct an issue Responding promptly can help avoid further penalties or delays. ACT EARLY! Acting early gives taxpayers more options and flexibility. Waiting can lead to additional penalties, interest, and delays.