MINNEAPOLIS - According to the latest numbers from the Internal Revenue Service there is $760 million in unclaimed tax refunds that will become the property of the United States government if some of you do not collect now.
If you're wondering how this could possibly be, it's because more than 900,000 taxpayers have not filed their 2010 tax returns.
If 2010 taxes are not filed by April 15th, 2014, the money stays with the entity that disperses it, ie. federal government.
In case procrastinators need any more motivation to file, the IRS figured about half of the unclaimed refunds are more than $500.
That's wasted money at the federal level, at the state level there is millions more thanks to unclaimed property.
In 2013 alone, the Minnesota Department of Commerce filled more than 20,000 claims of property which totaled more than $33-million dollars.
According to the department one out of every 20 Minnesotans has more than $100 owed to them in unclaimed property. Whether it's old paychecks, house insurance, life insurance or stocks the money was handed over to the state and is simply waiting for you to claim it. To find out if you are missing money from the state of Minnesota, click here.
Ever wonder how much food we throw away?
The Natural Resources Defense Council says we trash up to 40% of food to the tune of $165 billion.
A study by Eureka Recycling in St. Paul found a family of four wastes about $1,152 a year in food.
Billions more is wasted on energy, according to Business Insider estimates Americans throw away $443 billion in energy costs.
Finally, get this, $2-billion worth of gift cards went without being redeemed in 2012, according to a study by research firm Tower Group.
Whether its from the feds, the state or a relative, odds are to one degree or another money is being wasted, but not if you take care of it.