IRS: $153 million in tax refunds still undelivered

@CNNMoney November 30, 2011: 2:25 PM ET

NEW YORK (CNNMoney) -- The Internal Revenue Service is holding onto tens of millions of dollars in tax refunds that it hasn't been able to deliver to consumers.

A total of 99,123 taxpayers are still owed refunds this year but haven't received them due to mailing address errors, the IRS said. That amounts to a total of $153.3 million in unclaimed refunds.

While this is a small percentage of total refunds -- less than 0.01% -- the taxpayers impacted are missing out on some serious cash, with the average refund check valued at $1,547.

To avoid missing a refund in the mail, the IRS recommends that taxpayers opt for direct deposit of their returns when they file their taxes.

They tried to deduct what?!

If you did opt to have a refund check mailed to you this year, you can check the status of your refund and resolve delivery issues by using the "Where's My Refund?" tool on the IRS website.

If you don't check the site, you may have no idea that the IRS has been trying to send you your money. The agency does not contact taxpayers by e-mail or phone when it is unable to deliver a refund check.  To top of page

 
Help! We need a makeover
Young dad, $15,000 in credit card debt
Readers' Choice

Carlos Rodriguez is trying to rid himself of $15,000 in credit card debt, while paying his mortgage and saving for his son's college education.

$400,000 portfolio, too many holdings
Readers' Choice

Susan Carson and Laura DeLallo make $225,000 and have half a million in retirement savings, but their sprawling portfolios is proving hard to manage.

Overnight Avg Rate Latest Change Last Week
30 yr fixed4.28%4.30%
15 yr fixed3.24%3.18%
5/1 ARM3.41%3.53%
30 yr refi4.19%4.22%
15 yr refi3.18%3.12%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
CNNMoney Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.