Finance & Enjoyment Blog

Over $1 Billion in Refunds From 2008 Still Outstanding

Did you know the IRS has over one billion dollars in tax refunds from 2008 that are still waiting to be claimed? According to their records, over one million people have not yet filed a return for that year, and because of this, these refunds were never claimed. The estimated median refund is $637 which certainly should serve as an incentive for those delinquent filers to complete the process.

Why is it important to file this year? There is only a three year window for recovering owed amounts from delinquent tax returns. After the three year window has expired, then all money is forfeited to the US treasury.

Please see the IRS provided chart below to see the state by state breakdown



Posted in Your Financial House » Rules and Regulations »



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