California reclaims $600 million in unclaimed inflation relief funds
Updated
Updated · KGO-TV · Apr 30
California reclaims $600 million in unclaimed inflation relief funds
8 articles · Updated · KGO-TV · Apr 30
By midnight on 30 April, any money left on Middle Class Tax Refund debit cards, activated or not, returns to the state's general fund.
Recipients must activate cards and transfer remaining balances to bank accounts; replacement card requests closed on 8 April, while issued checks remain valid until their printed expiry dates.
Earlier reports estimated $400 million from 960,000 unactivated cards alone. The one-off 2022 Better for Families Act programme paid $9.2 billion to 16.8 million Californians.
With millions in tax refunds expiring today, where will California redirect the forfeited money?
Why did California's relief plan lead to millions in fraud and forfeited funds for its citizens?
Millions in inflation relief were stolen due to insecure cards. Who is being held accountable for the widespread fraud?