Jan 14, 2014 4:16 PM
The Franchise Tax Board announced this week that it’s holding more than $16 million in returned state income tax refunds.
In 2013 nearly 48,000 personal income tax refunds, ranging from $1 to $54,000 were returned by the US Postal Service. The vast majority of refunds, nearly 45,000, are for $1,000 or less. The Agency says taxpayers who moved and failed to update their addresses are the main reason refunds are returned. It suggests you update your address through the “Access Your Account” feature on FTB’s website. The Franchise Tax Board reissues returned refunds automatically once a new address is received.
Taxpayers expecting a state refund, or unsure if they received their refund, can access FTB’s Check Your Refund Status. This service is available in both English and Spanish.
State Tax Officials are also encouraging people to use direct deposit when filing their tax returns. It’s far faster than waiting weeks for a paper refund. Last year, more than 6 million California taxpayers received their tax refunds directly into their bank accounts through direct deposit.
2 days ago