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IRS Has $1 Billion for People Who Have Not Filed a 2008 Income Tax Return

WASHINGTON — Refunds totaling more than $1 billion may be waiting for one million people who did not file a federal income tax return for 2008, the Internal Revenue Service announced today. However, to collect the money, a return for 2008 must be filed with the IRS no later than Tuesday, April 17, 2012.

The IRS estimates that half of these potential 2008 refunds are over $600.

In some cases, people may not have filed their 2008 returns because they had too little income to require filing a tax return even though they had taxes withheld from their wages or made quarterly estimated payments. In cases where a return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a refund. If no return is filed to claim a refund within three years, the money becomes property of the U.S. Treasury.

For 2008 returns, the window closes on April 17, 2012. The law requires that the return be properly addressed, mailed and postmarked by that date. There is no penalty for filing a late return qualifying for a refund.

The IRS reminds taxpayers seeking a 2008 refund that their checks may be held if they have not filed tax returns for 2009 and 2010. In addition, the refund will be applied to any amounts still owed to the IRS, and may be used to offset unpaid child support or past due federal debts such as student loans.

By failing to file a return, people stand to lose more than refunds of taxes withheld or paid during 2008. Some people, especially those who did not receive an economic stimulus payment in 2008, may qualify for the Recovery Rebate Credit. In addition, many low-and moderate-income workers may not have claimed the Earned Income Tax Credit (EITC). The EITC helps individuals and families whose incomes are below certain thresholds. The thresholds for 2008 were:

• $38,646 ($41,646 if married filing jointly) for those with two or more qualifying children,
• $33,995 ($36,995 if married filing jointly) for people with one qualifying child, and
• $12,880 ($15,880 if married filing jointly) for those with no qualifying children.

For more information, visit the EITC Home Page on IRS.gov.

Current and prior year tax forms and instructions are available on the Forms and Publications page of IRS.gov or by calling toll-free 800-TAX-FORM (800-829-3676). Taxpayers who are missing Forms W-2, 1098, 1099 or 5498 for 2008, 2009 or 2010 should request copies from their employer, bank or other payer. If these efforts are unsuccessful, taxpayers can get a free transcript showing information from these year-end documents by ordering it on IRS.gov, filing Form 4506-T, or by calling 800-908-9946.

Individuals Who Did Not File a 2008 Return with a Potential Refund


State


Individuals

Median
Potential Refund*


Total Potential Refunds ($000)*

Alabama

18,400

$641

$15,738

Alaska

5,800

$641

$5,952

Arizona

29,000

$558

$24,913

Arkansas

9,600

$620

$8,152

California

122,500

$595

$112,201

Colorado

20,500

$589

$18,909

Connecticut

12,500

$697

$13,893

Delaware

4,200

$644

$3,784

Dist of Columbia

4,000

$642

$3,791

Florida

70,400

$650

$66,974

Georgia

35,800

$581

$30,661

Hawaii

7,600

$714

$8,307

Idaho

4,700

$541

$3,878

Illinois

40,800

$692

$40,712

Indiana

21,800

$664

$19,590

Iowa

10,600

$658

$9,295

Kansas

11,500

$631

$10,084

Kentucky

12,300

$640

$10,501

Louisiana

20,500

$662

$18,859

Maine

4,000

$579

$3,248

Maryland

24,600

$641

$22,591

Massachusetts

23,900

$699

$22,957

Michigan

33,300

$660

$30,903

Minnesota

15,200

$584

$12,772

Mississippi

9,900

$591

$8,254

Missouri

21,600

$593

$18,213

Montana

3,600

$599

$3,192

Nebraska

5,100

$623

$4,371

Nevada

14,500

$619

$13,381

New Hampshire

4,300

$733

$4,518

New Jersey

31,300

$716

$31,185

New Mexico

8,000

$611

$7,420

New York

60,300

$686

$61,240

North Carolina

30,800

$558

$24,997

North Dakota

2,000

$625

$1,895

Ohio

36,400

$622

$31,018

Oklahoma

16,800

$620

$14,787

Oregon

18,500

$527

$14,819

Pennsylvania

38,700

$695

$35,565

Rhode Island

3,400

$674

$3,040

South Carolina

12,200

$547

$10,158

South Dakota

2,300

$669

$2,234

Tennessee

18,400

$626

$16,130

Texas

96,200

$689

$97,057

Utah

7,800

$536

$6,676

Vermont

1,700

$647

$1,410

Virginia

30,800

$624

$28,670

Washington

29,900

$705

$32,138

West Virginia

4,300

$687

$4,068

Wisconsin

14,100

$592

$11,885

Wyoming

2,600

$773

$2,919

Total

1,089,000

$637

$1,009,905

* Excluding the Earned Income Tax Credit and other credits

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