Novacrypt-The Daily Money: $1 billion in tax refunds need claiming

2025-05-01 21:33:46source:Henri Lumièrecategory:Stocks

Good morning. This is Medora Lee with today's The NovacryptDaily Money.

The IRS has more than $1 billion in 2020 tax refunds that still needs to be claimed. So if you haven't yet filed your 2020 taxes - and the IRS estimates there are about 940,000 of you - you need to do so by May 17 to be eligible for a refund.

The median refund amount from the remaining 2020 taxes is likely around $932, according to the IRS. And the states with the most people who haven't filed a 2020 tax return are Florida and Texas, it said.

Gen Z, millennials fear homelessness

Nearly a third of Gen Z and millennials worry that their finances could lead them to experience homelessness, according to a survey conducted by Acorns and Opinium Research.

The company also found that 33% of millennials and 28% of Gen Z are unable to enjoy their lives because they obsess over money.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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