The Internal Revenue Service has released data on tax refunds issued so far and the news is not good for Louisiana residents who were hoping for a larger payout.
Texas and Louisiana top the list of states where income tax filers receive the biggest average refunds, based on the most recent data from 2020. You should file quickly to make sure no one else gets your money.
In a recent news release, the Internal Revenue Service said that over a million Americans could miss out on their share of an estimated $1.5 billion in unclaimed tax refunds.
Families who received the expanded monthly child tax credit payments in 2021 and getting smaller refunds and many are finding themselves owing Uncle Sam this tax season.
About $4 million dollars remain unaccounted for after the Louisiana Department of Revenue erroneously sent double tax refunds to almost 70,000 residents.