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Inflation relief debit cards with unclaimed funds set to expire April 30th

Logo of the California Franchise Tax Board
Logo of the California Franchise Tax Board

If you still have an inflation relief debit card from a few years ago, you might want to use it or lose it.

In 2022, California issued $9 billion in direct payments that were sent to nearly 32 million Californians under the Middle Class Tax Refund.

The payments ranged from $200 to $1000 to help residents deal with an inflation surge and rising gas prices.

Almost $5 billion were sent via debit cards which are now set to expire on April 30th.

The Franchise Tax Board says most of the cards were activated but not all, leaving $400 million yet to be claimed.

The board also says less than half of cards show a zero balance. Any unused funds will be returned to the state's general fund.