JACKSON — More than 11,000 Mississippians have more than $9 million in federal tax refunds awaiting them for the 2011 tax year.
However, the one catch is that the individuals must file a tax return for the 2011 year by April 15 of this year, says IRS spokesman Mark Green of Atlanta.
The IRS estimates that the median unclaimed refund for tax-year 2011 in Mississippi is $629.
“Time is running out if you want to get your refund,” Green said. “Taxpayers should review their 2011 statements for refundable credits and withholdings. We want all taxpayers to get the refund they’re due.”
“In cases where a return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a refund,” said Green. “If no return is filed to claim the refund within three years, the money becomes property of the U.S. Treasury.”
The IRS reminds taxpayers seeking a 2011 refund that their checks may be held if they have not filed tax returns for 2012 and 2013, according to Green. In addition, the refund will be applied to any amounts still owed to the IRS, or their state tax agency, and may be used to offset unpaid child support or past due federal debts, such as student loans.