Monday, March 9, 2009

Tax Refunds are Up

Tax refunds have been averaging $2,870 this year. St. Paul IRS spokesperson Carrie Resch says that's up nine percent or $230 dollars from a year ago. She tells KLKS News, for those who file electronically and use direct deposit, the wait is seven to 10 days. For those who paper file and are looking for a check in the mail, the wait is about six weeks.
Resch ways the deadline for Minnesotans to receive unclaimed refunds from 2005 is fast approaching. She says over 19,000 are owed over $17 million dollars. These are tax payers who did not file a federal income tax return for that year. To collect the money, a return for 2005 must be filed with the IRS no later than Tuesday, April 15.

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