The IRS is currently sitting on about $92.3 million, ready to be dispersed among 116,300 state taxpayers who have yet to file their 2021 taxes.

The IRS says an estimated $1 billion in tax refunds from the 2021 tax year will soon become property of the U.S. Treasury if 1.1 million taxpayers don’t claim their money soon, The Hill reports. In Michigan,

The IRS has issued a crucial warning to millions of Americans: act quickly or risk losing out on $1 billion in unclaimed tax refunds from 2021. With the deadline fast approaching, taxpayers must take immediate steps to secure their refunds before they vanish.

With the Republican-controlled Congress moving forward with President Donald Trump's call to extend the 2017 individual tax cuts, Democrats and Republicans are spinning the facts about who would benefit.