WASHINGTON ― Unclaimed income tax refunds totaling almost $1.4
billion may be waiting for an estimated 1.2 million taxpayers who did not file
a 2015 Form 1040 federal income tax return, according to the Internal Revenue
To collect the money, these taxpayers must file their 2015 tax
returns with the IRS no later than this year's tax deadline, Monday, April 15,
except for taxpayers in Maine and Massachusetts, who have until April 17.
"We're trying to connect over a million people with their
share of $1.4 billion in potentially unclaimed refunds for 2015," said IRS
Commissioner Charles Rettig. “Students, part-time workers and many others may
have overlooked filing for 2015. And there's no penalty for filing a late
return if you're due a refund."
The IRS estimates the midpoint for the potential refunds for
2015 to be $879 — that is, half of the refunds are more than $879 and half are
less. Read more.