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Over $12 million in tax refunds available to Nevadans who didn't file 2014 tax return

Posted at 6:14 PM, Mar 08, 2018
and last updated 2018-03-08 21:36:41-05

A total of $12,663,200 is waiting for an estimated 12,000 Nevada taxpayers who didn't file a 2014 federal income tax return, according to the Internal Revenue Service.

The IRS says that the median potential refund is $831 per person.

Those that want to collect their money must file their 2014 tax return with the IRS no later than April 17.

Nationwide, there are about 1 million taxpayers who didn't file a 2014 return, resulting in $1.1 billion in unclaimed refunds. The median potential refund is $847.

Acting IRS Commissioner David Kautter says that Students, part-time workers, and others may have overlooked filing for 2014. He also says that there's no penalty for filing a late return if you're due a refund.

Federal law gives most taxpayers a three-year window to claim their tax refund. If they don't file a return, that money goes to the U.S. Treasury. 

The IRS also says that those seeking a 2014 tax refund may have their check held if they have not filed returns for 2015 and 2016. Also, the refund will be applied to any amounts still owed to the IRS, and may be used to offset unpaid child support or past due federal debts like student loans.