Deadline Approaching To Claim 2010 Unclaimed Tax Refunds

By MJ Kneiser, WLHR Radio, Lavonia

Refunds totaling over $28 million may be waiting for an estimated 23,000 taxpayers in Georgia, who did not file a federal income tax return for 2010.

However, to collect the money, a return for 2010 must be filed with the IRS no later than April 15 this year in order to collect the money.

IRS Spokesman Mark Green said many who do not make enough to file a return, still had money taken out of their paychecks by the IRS and now they are owed that money.

“If you made under $10,000, you are not required to file a tax return, but if you had any withholding, you need to file an amended return to get that money back,” said Green. “That is your money.”

Green said the Internal Revenue Service estimates that the median unclaimed refund for tax year 2010 in Georgia is $539.

But again, the window to get that 2010 tax refund closes on April 15.

By failing to file a return, Green said people stand to lose that refund.

The IRS also reminded taxpayers seeking a 2010 refund that their checks may be held if they have not filed tax returns for 2011 and 2012.

Green said if taxpayers did not file a return for 2011, they should also file an amended return for that year, as well as for 2012.

“If they file a return for 2010, 2011, and 2012, they stand to see a huge paycheck,” said Green. “If they do not file a return for those years, that money goes back to the U.S. Treasury.”

Also, Green said the refund will be applied to any amounts still owed to the IRS or their state tax agency, and may be used to offset unpaid child support or past due federal debts such as student loans.