IRS says W.Va. has nearly $3.9 million in unclaimed refunds
The Internal Revenue Service announced Thursday that nearly $3.9 million worth of refunds could be waiting for approximately 4,100 who did not file income tax returns in 2009.
More than 984,000 taxpayers failed to file a tax return in 2009. The IRS estimates that they have more than $917 million worth of refunds available to claim.
Often, many taxpayers fail to file an annual tax return after thinking they had too little income to require filing a tax return, even though they had taxes withheld from their wages.
U.S. law provides taxpayers a three-year window to claim refunds for any given tax year. If no return within three years, the money becomes property of the U.S. Treasury.
The IRS estimates half the potential refunds for 2009 are more than $500. In West Virginia, they estimate the median refund amount is $598. Taxpayers have until April 15 to file a 2009 return to claim an outstanding refund.