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California Tax Board Looks To Return $14M In Refunds

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(CBS)

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SAN FRANCISCO (CBS SF) — The state Franchise Tax Board is urging Bay Area residents who may have moved or not updated their addresses to check if the state owes them any income tax refunds.

The board announced this week that it is holding more than $14 million in refunds statewide.

Nearly 48,000 refunds, ranging from $1 to $35,000, were returned by the U.S. Postal Service, board officials said.

In the Bay Area, nearly $496,000 is owed to San Francisco County taxpayers, while more $590,000 in tax returns went undelivered in Santa Clara County.

In Alameda and Contra Costa counties, the board wants to return more than $440,000 and $254,000, respectively.

Taxpayers expecting a state refund that has yet to arrive can check their status at https://www.ftb.ca.gov/online/myacct/.

Those who have moved and have not yet updated their address can also do so online. The board reissues returned refunds automatically once a new address is filed.

When filing future tax returns, the board advises using direct deposit to avoid mailing complications.

This year, according to officials, more than six million Californians received more than $6.2 billion in tax returns that went directly to their bank accounts.

In all, by the end of November, the board issued more than 10 million refunds worth about $10 billion.

(Copyright 2012 by CBS San Francisco and Bay City News Service. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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