Leaving Money on the Table: IRS Says It Has Over $1B in Unclaimed Refunds

iStock

Leaving Money on the Table: IRS Says It Has Over $1B in Unclaimed Refunds

Mar, 14th 2017

More than $1 billion is waiting for one million people. No, this isn't one of those crazy sweepstakes that try to scam you into putting money on an iTunes card to claim your prize.

We're talking about real money, not fake cash here.

The Internal Revenue Service says that its unclaimed federal income tax refunds total more than $1 billion. The refunds apply to an estimated one million taxpayers who did not file a federal tax return for 2013. The IRS figures are an estimate and reflect W-2 withholding information.

Experts note that when the actual returns are filed, the refunds could be more or less than what some filers would expect based on other income and deductions, filing status and exemptions.

The good news: It's still possible to claim some of this money. Half of the refunds are for more than $763, according to IRS data.

Read More

Join Us. We are waiting for you!

Sign Up Today!

We welcome you to our community where you can gather and share information on debts and issues which may have your life unsettled. Together we thrive!


Logo mobile 4b2fda9e088d7249be95ede0cc3adea2de299a346ba55b450264e0c976b239c5

Join our community Today! IT'S FREE

Our Interactive Knowledge Base Has All The Infomation You Need To Settle Your Debt & Settle Your Life™

SIGN UP NOW!

Join, Resolve & Share!