IRS has $900M in unclaimed refunds about to expire

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Associated Press

Posted on March 14, 2013 at 6:02 PM

Updated Thursday, Mar 14 at 6:02 PM

WASHINGTON (AP) — If you didn't bother filing a federal tax return for 2009, it might be a good time to rethink your tax strategy.

The Internal Revenue Service says it has $917 million in unclaimed tax refunds from 2009, and time is running out to claim them.

The refunds are owed to nearly 1 million people who failed to file returns for 2009. Taxpayers must file their 2009 returns by April 15 to claim their refunds. After that, the money becomes property of the U.S. Treasury.

People in every state and the District of Columbia are owed refunds, including 100,700 people in California and 86,000 people in Texas. The IRS says most of the refunds exceed $500.

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