California Looking for Taxpayers It Owes $20 Million in Tax Refunds

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If you moved within the last year and didn’t let California’s tax board know, you could be among the nearly 50,000 people in the state who are owed nearly $20 million in refunds.

The Franchise Tax Board on Monday announced that it was seeking to pay out the nearly $20 million in paper-check refunds that had been returned to the agency.

Nearly 47,500 refunds ranging from $1 to $50,000 were returned by the U.S. Postal Service, the tax board said in a news release.

The main reason for the returns is that taxpayers who moved after filing failed to change their addresses.

But that’s easily remedied, the Franchise Tax Board advised.

Taxpayers can update their addresses through the MyFTB Account feature on FTB’s website. Once addresses are updated, the board will automatically reissue any returned refunds.

To check if you’re owed a refund or to see if one was issued to you, go to Check Your Refund Status.

The agency advised taxpayers to chose direct deposit in future to prevent delays associated with the wait for a paper check. Nearly 60 percent of taxpayers received their refunds via direct deposit this year, the agency said.

As of Nov. 24, the tax board had issued more than 10.7 million refunds worth $10.5 billion.