"Nearly one million Californians never cashed in the inflation relief debit cards the state gave out four years ago. The cards are still loaded with $400 million. And if they're not cashed by April 30, all that money goes back to the state."
"The FTB does not have knowledge as to why some cardholders are not activating their cards, but we worked to engage them with letter campaigns and social media campaigns reminding them to activate and spend."
"California lawmakers tapped its then-healthy budget surplus and handed $9.2 billion to struggling residents. About $4 million was directly deposited into bank accounts of 7.2 million taxpayers. The remaining $5.2 billion was mailed out on debit cards."
"Millions and millions of Californians are now getting up to $1,050. It's called the Middle Class Tax Refund, and it's our way of getting money back into your pockets to help with everyday expenses."
California's Franchise Tax Board reports that nearly one million residents have not activated their inflation relief debit cards, totaling $400 million. These cards, issued four years ago, are set to expire on April 30 if not cashed. The payments were part of a $9.2 billion relief effort aimed at helping residents cope with rising costs post-pandemic. Despite outreach efforts, many cardholders remain unaware of their funds. Governor Gavin Newsom announced the program to assist with everyday expenses, but a significant amount of money remains unclaimed.
Read at ABC7 San Francisco
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