A 2013 Tax Refund Could Be Yours

The Internal Revenue Service or IRS Wednesday said that it now holds more than $1 billion in unclaimed federal income tax refunds for an estimated 1 million taxpayers who did not file a 2013 federal income tax return.

The significant slowdown earlier in the month was said to be due to the IRS's delay until February 15 in processing returns claiming the earned income tax credit and the additional child tax credit. And if you owe money and file your return more than 60 days after the deadline, you'll face a minimum penalty of $135 or 100% of your unpaid tax bill, whichever is smaller.

If you're eligible for a 2013 federal tax refund, you have until April 18 to file.

Does the US government still have your money?

To find out if you filed your 2013 taxes, call the IRS hotline at 800-829-1040. Though the median estimated refund varies by state, it ranges from $619 in Idaho to $917 in Alaska.




Now keep in mind that if you've also yet to file your 2014 and 2015 returns, your 2013 tax refund may be withheld by the IRS until you get those forms in.

Over 20,000 Louisiana taxpayers are due a refund from the federal government and time is running out to claim them.

The only way you'll find out is by filing.

And, I'm told some of those folks also could lose their earned income tax credit.

"There's a lot of things [.] credits, especially credits and deductions that you have to put on your tax return that could mean an even bigger refund", Sanford said. In 2013, it was worth more than $, 6000.

(Copyright © 2015. All Rights Reserved.)
 
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