Deadline to claim $1 billion in tax refunds nears – do you qualify?

(NEXSTAR) – A crucial deadline is coming later this month for some taxpayers who may be owed their share of an estimated $1 billion in refunds, the Internal Revenue Service announced.

Taxpayers who did not file their tax year 2020 returns may be eligible to collect a refund if they file by May 17, and there's no penalty for failure to file if a refund is due.

To get a refund, however, the return must reach the IRS within three years of the due date. The cutoff is later this...