Washington, D.C. — The IRS on Thursday announced its own little economic bailout plan, worth about $266 million, for taxpayers who didn't get their economic stimulus checks or regular income tax refunds the first time around because they couldn't be found.
The Internal Revenue Service said nearly 400,000 people have checks with their names on them waiting to be delivered as soon as they update their addresses.
"People across the country are missing tax refunds and stimulus checks," said IRS Commissioner Doug Shulman. "We want to get this money into the hands of taxpayers where it belongs."
The tax agency said it couldn't deliver about 279,000 rebate checks worth about $163 million coming from the economic stimulus package that Congress enacted last February. It said the U.S. Postal Service returned about 104,000 regular refund checks totaling about $103 million because of address errors.
The undeliverable stimulus checks average $583, and the refund checks average $988.