California’s Franchise Tax Board announced this morning that it’s holding more than $14 million in returned state income tax refunds, mostly for taxpayers who moved and didn’t update their addresses.
“I want to make sure all taxpayers receive their refunds and as quickly as possible,” state Controller John Chiang, who chairs the FTB, said in a news release. “This is an easy way update your contact information and get the refund before the holiday season.”
Nearly 48,000 refunds, ranging from $1 to $35,000, were returned this year by the U.S. Postal Service. Here’s the breakdown for some Bay Area counties:
Alameda – 1,382 returns worth $442,000
Contra Costa – 730 returns worth $254,000
Santa Clara – 1,681 returns worth $590,000
San Mateo – 507 returns worth $159,000
Santa Cruz – 341 returns worth $63,000
San Francisco – 918 returns worth $497,000
If you suspect some of this money might belong do you, update your address on the FTB’s website; the board will re-issue returned refunds automatically once a new address is received.
Anyone expecting a refund or unsure if they received one can check their status online as well. As of November 29, the board had issued more than 10 million refunds worth nearly $10 billion.