Deadline to Claim 2002 Tax Refunds Is Fast Approaching
IR-2006-31
- Institutional AuthorsInternal Revenue Service
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2006-3366
- Tax Analysts Electronic Citation2006 TNT 35-15
WASHINGTON -- Unclaimed refunds totaling more than $2 billion are awaiting about 1.7 million people who failed to file a federal income tax return for 2002, the Internal Revenue Service announced today. However, in order to collect the money, a return for 2002 must be filed with an IRS office no later than April 17, 2006.
The IRS estimates that half of those who could claim refunds would receive more than $570. In some cases, individuals had taxes withheld from their wages, or made payments against their taxes out of self-employed earnings, but had too little income to require filing a tax return. Some taxpayers may also be eligible for the refundable Earned Income Tax Credit.
"We want people to get the refunds they're entitled to," said IRS Commissioner Mark W. Everson. "We urge taxpayers to double-check their records before the April 17th deadline. Taxpayers can't get a refund if they don't file a tax return."
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 the refund within three years, the money becomes property of the U.S. Treasury. For 2002 returns, the window closes on April 17, 2006. The law requires that the return be properly addressed, postmarked and mailed by that date. There is no penalty assessed by the IRS for filing a late return qualifying for a refund.
The IRS reminds taxpayers seeking a 2002 refund that their checks will be held if they have not filed tax returns for 2003 or 2004. In addition, the refund will be applied to any amounts still owed to the IRS and may be used to satisfy unpaid child support or past due federal debts such as student loans.
By failing to file a return, individuals stand to lose more than refunds of taxes withheld or paid during 2002. Many low-income workers may not have claimed the Earned Income Tax Credit (EITC). Although eligible taxpayers may get a refund when their EITC is more than what they owe in tax, those who file returns more than three years late would be able only to apply it toward the taxes they owe (if any). They would not be able to receive a refund if the credit exceeded their tax.
Generally, individuals qualified for the EITC if in 2002 they earned less than $33,178 and had more than one qualifying child living with them, earned less than $29,201 with one qualifying child, or earned less than $11,060 and had no qualifying child.
Current and prior year tax forms and instructions are available on the Forms and Publications page of the IRS Web site (www.irs.gov) or by calling 1-800-TAX-FORM (1-800-829- 3676). Taxpayers who need help also can call the IRS help line at 1- 800-829-1040.
A state-by-state breakdown of estimates for individuals who failed to file a 2002 return with a refund due is attached.
INDIVIDUALS WHO FAILED TO FILE A 2002 RETURN WITH ESTIMATED REFUNDS*
Total Refunds
Location Individuals Median Refund ($000)
________ ___________ _____________ _____________
Alabama 27,200 $552 $24,546
Alaska 8,700 $601 $10,663
Arizona 39,000 $472 $36,396
Arkansas 14,900 $536 $13,934
California 197,300 $514 $218,757
Colorado 30,000 $527 $34,047
Connecticut 19,500 $652 $28,971
Delaware 6,100 $573 $6,310
Dist. of Columbia 7,100 $567 $8,277
Florida 115,900 $593 $162,926
Georgia 59,300 $532 $60,783
Hawaii 10,700 $611 $13,019
Idaho 6,200 $468 $5,572
Illinois 68,300 $632 $94,477
Indiana 33,500 $612 $36,247
Iowa 15,500 $570 $13,727
Kansas 17,300 $543 $16,088
Kentucky 18,600 $593 $18,633
Louisiana 27,600 $551 $30,272
Maine 6,100 $513 $6,029
Maryland 38,800 $572 $47,355
Massachusetts 38,900 $633 $64,676
Michigan 67,500 $612 $77,660
Minnesota 24,600 $525 $25,596
Mississippi 14,200 $487 $12,349
Missouri 34,000 $543 $32,925
Montana 4,300 $493 $4,880
Nebraska 18,000 $535 $7,841
Nevada 20,300 $538 $23,811
New Hampshire 6,800 $668 $11,177
New Jersey 55,800 $646 $81,136
New Mexico 11,600 $512 $11,150
New York 107,800 $622 $157,855
North Carolina 48,600 $499 $46,737
North Dakota 12,400 $530 $2,288
Ohio 56,000 $559 $56,810
Oklahoma 22,500 $528 $21,370
Oregon 25,800 $478 $24,240
Pennsylvania 58,300 $620 $67,372
Rhode Island 6,100 $584 $6,471
South Carolina 20,100 $491 $19,969
South Dakota 2,900 $548 $3,229
Tennessee 27,300 $564 $30,889
Texas 135,600 $601 $161,409
Utah 9,900 $472 $10,029
Vermont 2,900 $581 $3,287
Virginia 51,500 $575 $60,867
Washington 45,000 $611 $55,309
West Virginia 5,600 $604 $6,703
Wisconsin 20,200 $525 $19,412
Wyoming 2,900 $603 $3,201
Armed Forces 8,500 $749 $6,995
U.S. Possessions 1,000 $587 $1,426
Total 1,714,500 $570 $2,006,097
FOOTNOTE TO TABLE
* Excluding Earned Income Tax Credit
END OF FOOTNOTE TO TABLE
- Institutional AuthorsInternal Revenue Service
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2006-3366
- Tax Analysts Electronic Citation2006 TNT 35-15