WASHINGTON — If the Internal Revenue Service is looking for you, it could be a good thing.
The tax agency said Wednesday it owes money to 918,600 taxpayers who did not file a 2010 tax return. Total amount up for grabs: more than $760 million.
But you have to file your 2010 tax return by April 15 to claim it. After that, the money becomes the property of the U.S. Treasury.
"The window is quickly closing for people who are owed refunds from 2010 who haven't filed a tax return," IRS Commissioner John Koskinen said. He said students and part-time workers often neglect to file and could be due a refund.
The average refund due from over-withholding is $571. That doesn't include the Earned Income Tax Credit, which was worth as much as $5,666 in 2010. Married couples with three children filing jointly could make as much as $48,362 in 2010 and be eligible for the credit.
Taxpayers who are owed a refund do not have to pay a penalty for filing late. But their 2010 tax refund could be held if they haven't filed a tax refund for 2011 or 2012 or owe money for child support.
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