Unclaimed refunds for Hawaii taxpayers total $8.5M

Some $8.5 million may be waiting 7,000 Hawaii taxpayers who did not file a 2015 federal income tax return, the Internal Revenue Service announced Thursday.

The Hawaii taxpayers are among 1.2 million Americans who did not file a 2015 Form 1040 federal income tax return and could be awaiting a portion of almost $1.4 billion, according to the IRS.

To collect the money, taxpayers must file their 2015 tax returns with the IRS no later than this year’s tax deadline, Monday, April 15.

“Students, part-time workers and many others may have overlooked filing for 2015. And there’s no penalty for filing a late return if you’re due a refund,” said IRS Commissioner Charles Rettig.

The IRS estimates the midpoint for the potential Hawaii refunds for 2015 to be $935, meaning that half of the refunds will be greater than $935. Nationwide, the midpoint is $835.

In cases where a federal income tax return was not filed, the law provides most taxpayers with a three-year window to claim a tax refund. If they do not file a tax return within three years, the money becomes the property of the U.S. Treasury.

For 2015 tax returns, the window closes April 15.

Current and prior year tax forms (such as the tax year 2015 Form 1040, 1040-A and 1040-EZ) and instructions are available online at www.irs.gov or by calling (800) 829-3676.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this:
Skip to toolbar