The state Franchise Tax Board is sitting on $28 million in unclaimed tax refunds, which were returned this year by the U.S. Postal Service as undeliverable.
FTB said more than 49,000 California taxpayers who filed personal income tax returns have not received refunds. In most cases, the refunds were undeliverable because taxpayers moved after they filed their tax returns or failed to update their addresses.
As of Nov. 28, FTB said it had issued more than 10.5 million refunds totaling more than $10.8 billion for the 2014 tax year.
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