ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

IRS holds $1 billion of unclaimed tax refunds. The deadline to claim refund money is approaching fast.

Updated on February 29, 2012

Show me the money!

People all over the United States cold be missing out on hundreds of dollars.  Money, avaliable as a tax refunds in 2008, could be claimed only until April 17, 2012.
People all over the United States cold be missing out on hundreds of dollars. Money, avaliable as a tax refunds in 2008, could be claimed only until April 17, 2012.

What could you do with an extra $100? How about more than $600? Nearly a million people in the United States have this much money and don't even know it. However, their chance to claim hundreds of dollars is approaching fast.

Internal Revenue Service annouced the approaching deadline for claiming 2008 federal tax return. Refunds, not claimed for the year of 2008, total $1 billion. After April 17, 2012 these money will no longer be avaliable to people who have earned them. The money then will become property of the U.S. Treasury.

California has 122,000 taxpayers who have not received refunds they should have in 2008. Texas has 96,000 people that could have more money in their pockets than they do now. Nearly a million people all over the United States have money waiting for them.

The refund, averaging about $640 per claim, is available and waiting for these people at the Internal Revenue Service. However, time to claim this tax refund is running out fast. Unless these taxpayers file before April 17, 2012 to collect their money, they will lose the chance forever.

A 2008 tax refund should be postmarked no later than Tuesday, April 17, 2012.

While there is not penatly for filing late for a refund, refund checks may be held if tax returns for 2009 and 2010 were not filed, if there are any amounts owed to IRS, or offset unpaid child support and federal debts.

Even if taxpayers thought that they have not earned enough in 2008 to file a return, they should re-check their facts. Some people could have qualified for Recovery Rebate Credit or have not claimed the Earned Income Tax Credit. (For example, in 2008, the threshhold for a family of four was $38,646; $41,646 if married and filing jointly.)

Tax forms are available on IRS.gov website or by phone 800-TAX-FORM (800-829-3676).

Get what is legally yours! Go to IRS.gov for more information.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    Click to Rate This Article