USA IRS : IRS has billions of dollars in refunds for those who did not file a tax return in 2014

By | March 11, 2018
(Last Updated On: March 12, 2018)

IRS has billions of dollars in refunds for those who did not file a tax return in 2014

IR-2018-44SP, March 8, 2018

WASHINGTON – The Internal Revenue Service (IRS) announced today that a total of billions of dollars in rebates that were never claimed could be waiting for a million taxpayers who did not file a tax return in 2014.

To collect your refund, the taxpayer must file a tax return to the IRS in 2014 before the deadline of Tuesday, April 17.

” We try to connect to a million people with its share of the billions of dollars there for refunds never claimed for 2014,” said David Kautter, Acting IRS Commissioner. “People across the country have not filed tax to claim these refunds and your window of opportunity will close soon. Students and many other people may be unaware that they are due a refund. Remember, there is no penalty for filing a tax return late if the IRS owes you a refund . ”

The IRS estimates the midpoint of reimbursements 2014 is $ 847; ie half refunds will be greater than $ 847 and the other half, less than $ 847.

In cases where it has not filed a federal income tax return, the law provides most taxpayers a window of opportunity to claim the refund. If you do not file a return for three years, the money owned by the Treasury Department becomes. For 2014 federal returns, the window closes on April 17, 2018. The law requires taxpayers mailed statement with the correct address and post office check the shipping date to check that was done on time.

The IRS reminds taxpayers seeking a refund of 2014, which checks could be retained have not filed 2015 and 2016. In addition, reimbursement could be applied to any amount owed to the IRS or state agencies, and could be applied to payment of child support or other arrears, debts such as student loans.

By failing to file a tax return, the taxpayer could lose more than a tax refund 2014. Many workers in low or moderate incomes may be eligible for the Earned Income Tax Credit (EITC). By 2014, the credit is worth up to $ 6,143. The EITC helps individuals and families whose income was less than certain thresholds. The thresholds for 2014 were:

  • $ 46.997 ($ 52.427 presenting married together) if you have three or more qualifying children;
  • $ 43.756 ($ 49.186 presenting married together) if having two or more qualifying children;
  • $ 38.511 ($ 43.941 presenting married together) for persons with a child, and;
  • $ 14,590 ($ 20,020 married filing jointly) with no qualifying children for people.

Current and prior year forms (such as Form 1040, 1040A, and 1040EZ for tax year 2014) and instructions are available on page IRS.gov Forms and Publications or through 800-829-3676.

Taxpayers who do not have their W-2 forms, 1098, 1099 or 5498 for the years 2014, 2015 or 2016 should request copies of the employer, bank or other payer. Taxpayers who can not get forms from your employer or other payer can order a free transcript of salaries and income by visiting IRS.gov and using the tool ” Get a transcript online “. Taxpayers may also file Form 4506-T to order a transcript of their revenue from 2014. A transcript of wages and income statements shows information of information received by the IRS such as Forms W-2, 1099, and 1098 Form 5498, and information on their contributions to IRA retirement accounts. Taxpayers can use the information in the transcript to file the tax return.

Calculation of people who could receive a refund of 2014, by state
State or districtEstimated number of individualsAverage potential refundRebate Total Amount *
Alabama17,700$ 836$ 18,302,700
Alaska4,500$ 898$ 5,263,200
Arizona23,800$ 750$ 23,496,700
AR9,500$ 808$ 9,726,900
California93,600$ 785$ 95,745,100
Colorado20,400$ 796$ 20,887,500
Connecticut11.000$ 934$ 12,740,100
Delaware4,000$ 883$ 4,378,400
D.C.3,000$ 850$ 3,237,700
Florida69,800$ 865$ 74,040,300
Georgia34,800$ 772$ 35,006,000
Hawaii6,200$ 898$ 6,830,900
Idaho4,500$ 723$ 4,376,100
Illinois39,500$ 895$ 43,600,000
Indiana22,700$ 878$ 24,353,000
Iowa10.500$ 885$ 11,083,400
Kansas11,100$ 852$ 11,645,300
Kentucky13,600$ 848$ 14,035,100
Louisiana19,900$ 846$ 21,700,800
Maine4,000$ 804$ 3,941,700
Maryland21,800$ 853$ 23,773,000
Massachusetts22,800$ 935$ 26,018,500
Michigan34,100$ 845$ 36,505,700
Minnesota15,800$ 785$ 15,832,600
Mississippi10,200$ 777$ 10,291,100
Missouri23,000$ 797$ 23,212,400
Montana3,500$ 808$ 3,617,700
Nebraska5,600$ 806$ 5,629,100
Nevada12,000$ 831$ 12,663,200
New Hampshire4,600$ 917$ 5,169,500
New Jersey28,600$ 928$ 32,452,500
new Mexico7,800$ 831$ 8,472,600
New York53,600$ 913$ 60,135,600
North Carolina30,800$ 791$ 30,659,900
North Dakota3,000$ 952$ 3,433,300
Ohio38,100$ 826$ 38,956,700
Oklahoma17,200$ 855$ 18,366,800
Oregon15,100$ 747$ 14,816,600
Pennsylvania39,300$ 907$ 42,866,100
Rhode Island2,900$ 916$ 3,217,200
South Carolina12,000$ 757$ 12,023,400
South Dakota3,000$ 866$ 3,075,300
Tennessee20,300$ 837$ 20,967,500
Texas108,100$ 899$ 121,956,100
Utah7,800$ 754$ 7,831,300
Vermont2.100$ 816$ 2,028,600
Virginia27,800$ 828$ 29,345,300
Washington27.000$ 894$ 30,423,900
West Virginia5,200$ 914$ 5,875,100
Wisconsin13,400$ 774$ 13,041,800
Wyoming3,000$ 973$ 3,556,300
total1043600$ 847$ 1,110,605,600

* Excludes Tax Credit Income

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