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$1 billion in tax refunds are about to become Uncle Sam’s

Source: kansascity.com - Apr 4, 2017

Uncle Sam is set to keep more than $1 billion in unclaimed 2013 tax refunds at this year’s filing deadline, according to the Internal Revenue Service.

These are refunds the IRS estimated are due roughly 1 million taxpayers who did not file a return for that year. Those taxpayers have three years to file or miss out and that happens at this year’s tax filing deadline, which is April 18.

The filing deadline is later than normal this year because of the weekend and a holiday that marks one of President Abraham Lincoln’s acts during the Civil War.

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Category: General Business

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