Federal tax refunds up, despite early reports to the contrary | TribLIVE.com
U.S./World

Federal tax refunds up, despite early reports to the contrary

Deb Erdley
897945_web1_WEB-tax-form

With tax day looming a month away, the Washington Post has a good news-bad news report about tax refunds.

First the good news.

Although early reports suggested tax refunds were down anywhere from 8 to 16.8 percent in the first year of the new tax system, more recent reports show the average refund is actually up slightly. As of March 1, federal tax refunds averaged $3,068, compared to an average of $3,046 from the same period last year.

The Internal Revenue Service reported early filers already have collected $142 billion in refunds this year.

Now the depressing news.

The IRS says it is sitting on $1.4 billion owed to 1.2 million taxpayers who have yet to file their 2015 tax returns. The average potential refund owed those non-filers: $879.

Non-filers will have to hustle to claim that bounty. Taxpayers typically have three years to claim a refund. Any 2015 refunds not claimed by this year’s filing deadline defaults to the U.S. Treasury.

Deb Erdley is a Tribune-Review staff writer. You can contact Deb at 724-850-1209, [email protected] or via Twitter .

Categories: News | Top Stories | World
TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.