$1.4 billion in unclaimed funds set to disappear

Unclaimed funds: Are you missing out on a tax refund?

No, It’s not lottery winnings, but unclaimed tax refunds. 

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It is estimated that more than 1 million Americans entitled to money back from the IRS haven’t filed a tax return for 2015. It’s led to an estimated $1.4 billion in unclaimed refunds, according to the tax agency. 

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Here in Ohio, it’s estimated that nearly 44,000 people didn’t file a tax return in 2015, putting the total unclaimed cash for the Buckeye State at approximately $47 million, according to Forbes.com.

News Center 7 Consumer reporter Rachel Murray will have more on why so many people miss out on claiming a refund, and why you only have about a month left to snag it, before it is gone for good. 

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