Dec
03

Been Wondering: ‘Where’s My Refund?’

December 03, 2011

Want some money? If you messed up your Illinois or Chicago real estate address, there might be some out there for you right now.

The Internal Revenue Service (IRS) announced this week that it is holding onto $153.3 million in undelivered tax refund checks that belong to 99,123 U.S. taxpayers.

More than $3 million of that money belongs to 2,888 Illinois residents.

Each year, the IRS ends up with tax refund checks that were undeliverable due to mailing address errors.

The average undelivered refund check averages $1,547 this year.

If you think you are owed a refund, visit the Where’s My Refund tool on IRS.gov.

You can also call 800-829-1954 for more information.

For the future, the IRS recommends that taxpayers:

*File tax returns electronically, which reduces errors, speeds up refunds and eliminates the risk of lost paper returns.

*Use direct deposit, which eliminates the possibility of an address error and also safeguards your refund from being lost or stolen. You can get the funds directly into your bank account, split the refund into two or three accounts or even buy a savings bond.

*Combine e-file with direct deposit as the best option for taxpayers, though you can use direct deposit without filing electronically.

*Be aware that the IRS does not contact taxpayers by e-mail. If you ever get an e-mail from the IRS discussing your refund or asking for personal information, delete it immediately and do not open any attachments.

Categories: Education

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Tracey

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