The IRS is urging anyone who didn’t file a tax return in 2009 to file this year, as the federal government is holding onto 917 million expiring tax refunds. $917 million is a lot of money and all of that money could go to the rightful owners, but only if those individuals file by April 15th of this year.
While most people won’t be holding out hope that they have 917 million in expiring tax refunds, many could be surprised at just how substantial the refunds average out to be. The IRS states that half of those 2009 refunds amount to more than $500. That means that you could have $500 or more coming to you this year, but only if you claim your expiring tax refunds.