ABC News recent reported that the IRS is looking for over 99,000 people to return $153.3 million in unclaimed tax refund money.

The IRS claims that most of this unclaimed tax money is due to those taxpayers who choose to receive their refunds via direct deposit. The article states “78.4 million taxpayers choose to receive their refund through direct deposit.”

A lot of this unclaimed refund money is due to the option to buy savings bonds with the refunds. The IRS also believes that a majority of the 99,123 who are owed the unclaimed refunds are more “financially vulnerable” than most; they most likely rely on check cashing places for their banking needs.

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ABC <\/span>News recent reported that the IRS<\/span> is looking for over 99,000 people to return $153.3 million in unclaimed tax refund money<\/a>. <\/p>\n\n\t

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The IRS<\/span> claims that most of this unclaimed tax money is due to those taxpayers who choose to receive their refunds via direct deposit. The article states “78.4 million taxpayers choose to receive their refund through direct deposit.” <\/p>\n\n\t

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A lot of this unclaimed refund money<\/a> is due to the option to buy savings bonds with the refunds. The IRS<\/span> also believes that a majority of the 99,123 who are owed the unclaimed refunds are more “financially vulnerable” than most; they most likely rely on check cashing places for their banking needs. <\/p>\n\n