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Last call to claim $760M in 2010 tax refunds

Taxpayers have just days left to file for $760 million in unclaimed 2010 tax refunds or the money will revert to the U.S. Treasury.

By MSN Money Partner Apr 4, 2014 1:19PM

This post comes from Krystal Steinmetz at partner site Money Talks News.


Money Talks News on MSN MoneyTaxpayers have less than two weeks to file their 2013 tax returns. And if you are one of the nearly 1 million who didn't file their taxes for 2010, April 15 is the ultimate D-Day.


April 15 is the last day of a three-year grace period for filing your 2010 taxes. And the stakes are huge -- $760 million is up for grabs, Forbes said. If you're owed a refund, there's no penalty for filing your taxes late. But if you don't file by April 15, all unclaimed refunds will be turned over to the U.S. Treasury.


Tax refund © Rubberball/JupiterimagesIf you meet certain income requirements, you aren't obligated to file a tax return. But that doesn't mean you aren't owed a refund. According to Quicken Loans:

Even if you don't have to file a tax return, the reality is that it can still be a good idea. Perhaps you have had money withheld from your paycheck. If that is the case, and your income is low enough that you don't owe, then you have a refund coming.

Forbes said the IRS estimated that more than half of refunds waiting to be claimed are more than $571 each.


Did you file for 2010? It doesn't hurt to look back, run the numbers and make sure Uncle Sam won’t be making off with refund money that is rightfully yours.


Taxpayers can go to IRS.gov and get more information about missing refunds and a record of their past tax returns.


More on Money Talks News:

VIDEO ON MSN MONEY

6Comments
Apr 4, 2014 3:34PM
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$760 million...enough to last the US treasury 10 whole seconds. :P
Apr 4, 2014 4:05PM
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It is amazing that even when an article may be of value to many there just has to be an amount of bashing. My father always said, "if you are unhappy with your life, do something about it because nothing will make it change except you".
Apr 5, 2014 12:43AM
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This sounds like a sting if I ever heard one.
Apr 8, 2014 2:55PM
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CHANCE?

Can you say; “free room and board!” go straight to jail! Do not collect two hundred dollars if you pass go!

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