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Millions of Dollars in Unclaimed 2009 Tax Refunds

Posted at: 03/14/2013 4:26 PM
Updated at: 03/14/2013 6:32 PM
By: Laura Lee

 (ABC 6 News) -- The IRS announced Thursday that millions of dollars may be waiting to be collected by taxpayers who have not filed a federal income return for 2009.

Now their window to do it closes in just a month.

$917 million dollars is waiting to be collected by an estimated 984, 400 taxpayers who did not file in 2009.

The IRS says some people may not have filed because they had too little income or failed to claim the Earned Income Tax Credit, which benefits low income families.

In Minnesota, about 13,600 taxpayers have not filed, with just under $11.5 million in unclaimed refunds. That averages to about $528 per person.

In Iowa, 9,800 taxpayers have not filed for 2009, totaling $7.9 million.

The IRS also says taxpayers seeking a 2009 refund will have their checks delayed if they have not filed returns for 2010 or 2011. In addition if the taxpayer owes to the IRS or their state tax agency, the refund may be used to offset unpaid debt.

Typically the IRS gives a three year window for taxpayers to claim a refund for any given year, if a return is not filed, the money becomes property of the U.S. Treasury.

The deadline to file for a 2009 Tax Income Return is April 15.