Missing money? State is sitting on more than $16 million in unclaimed tax refunds

Published: Monday, Jan. 13, 2014 - 3:26 pm

Missing your tax refund? The state Franchise Tax Board is sitting on more than $16 million in unclaimed 2013 tax refunds, which were returned last year by the U.S. Post Office as undeliverable.

The amounts range from $1 to as much as $54,000 and belong to nearly 48,000 personal income filers, the FTB said Monday.

In most cases, “It’s folks moving and forgetting to update their address,” said FTB spokesman John Barrett. Or the tax return had a typo in the address that made it impossible to deliver the paper refund check.

Locally, Sacramento County has 1,087 returned refunds totaling $300,000; of that, $176,000 belongs to 684 taxpayers in Sacramento city. Other county breakdowns: El Dorado, 168 returned refunds totalling $48,000; Placer County, 214 for $71,000; Yolo County, 176 for $37,000; and Yuba County, 84 for $11,000.

The total of unclaimed refunds last year is about $2 million more than 2012 but below the $17 million in returned checks in 2011. Overall, as of Dec. 31, the FTB had issued more than 10.7 million total refunds worth more than $10.5 billion.

To update your address or check on your refund, go to MyFTB Account online (www.ftb.ca.gov) or call (800) 852-5711. “Once we get your new address, we’ll re-issue that check,” said Barrett.

To avoid a missing paper refund check this year, the FTB urges tax filers to use direct deposit, which it says is the fastest way to receive a refund.


Call The Bee’s Claudia Buck, (916) 321-1968.

Read more articles by Claudia Buck





Sacramento Bee Job listing powered by Careerbuilder.com
Quick Job Search
Sacramento Bee Jobs »
Buy
Used Cars
Dealer and private-party ads
Make:

Model:

Price Range:
to
Search within:
miles of ZIP

Advanced Search | 1982 & Older

TODAY'S CIRCULARS