Millions of qualifying Californians will receive up to $1,050 as part of the state's Middle Class Tax Refund program. The first round of payments are set to go out Friday. Show
Approximately 23 million taxpaying California residents are eligible to receive the payments, with smaller payments going to higher earners. The payments, which are technically tax refunds, are meant "to help address rising costs," according to Gov. Gavin Newsom's office. Newsom and state lawmakers reached a deal for the refunds back in June, when gas prices were shattering records at or above $7 a gallon. Are you eligible?To be eligible, you must have filed your 2020 tax return by last October and make less than $150,000 per year. If you are eligible, there is no action to take. You will receive a payment automatically without an application process. To calculate your payment, go to the state's website and click on "Middle Class Tax Refund" or simply use our tool below: When will you receive your payment?According to the California Franchise Tax Board website, eligible Californians will receive their payment via direct deposit issued to their bank accounts or via a debit card sent in the mail. Direct deposit payments are expected to be issued to bank accounts during these windows: Oct. 7, 2022 - Oct. 25, 2022 and Oct. 28, 2022 - Nov. 14, 2022. State officials said they expect about 90% of direct deposits to be issued in the month of October 2022. Debit cards are expected to be mailed between Oct. 25, 2022 - Dec. 10, 2022, with the rest receiving the card by Jan. 15, 2023. State officials said they expect about 95% of all payments - direct deposit and debit cards combined - to be issued by the end of this year. So who will get paid by direct deposit, and who will receive a debit card? Generally, direct deposit payments will be made to eligible taxpayers who e-filed their 2020 CA tax return and received their CA tax refund by direct deposit. The remaining eligible taxpayers will receive their payments in the form of a debit card, according to the California Franchise Tax Board website. You will receive your payment by mail in the form of a debit card if you:
The CNN Wire contributed to this report. ¿Quieres leer este artículo en español? Haz clic aquí Copyright © 2022 KABC Television, LLC. All rights reserved. An estimated 23 million Californians are expected to receive an inflation relief payment of at least $200 between October and January. The first round of direct deposit payments started going out Oct. 7 and will continue through this Tuesday. The second round of direct deposit will begin Friday and continue in November. The payments come after lawmakers in June approved the Middle Class Tax Refund — a direct response to inflation taking a toll on Americans' wallets, especially in the California, where gas is over $6 per gallon and every day grocery items cost more than ever before.
Eligible Californians will receive $200 to $1,050, depending on tax filing status and income. The first round of prepaid debit cards were mailed out Monday and some Californians can expect to receive those beginning Tuesday. Below is a breakdown of California's current timeline for payment disbursement. When Will I Receive My Debit Card in the Mail?If you received a Golden State Stimulus payment:
If you did not receive the Golden State Stimulus payment or have changed your bank account information since filing your 2020 tax return:
Will I Still Receive a Direct Deposit If I Haven't Gotten it Already?The short answer — yes. But it depends on a few factors. Californians who received a Golden State Stimulus check should receive a direct deposit by Tuesday, Oct. 25. If you did not receive the Golden State Stimulus, but are still eligible for the inflation relief payment, you should see the direct deposit between Oct. 28 and Nov. 14, according to the state, Millions of Californians can look forward to some relief. Mekahlo Medina reports for Today in LA on Friday Oct. 7, 2022. Who is Eligible for the Payment?Payment amounts vary on income and 2020 taxes. Below is a breakdown of payment amounts, according to the California Franchise Tax Board. Joint Filers
Head of Household Filers
Other Individuals
When should I expect my stimulus check 2022?Taxpayers who filed their 2021 state income tax returns by July 31, 2022, can expect to receive their returns in September and those who requested paper checks should get them by Oct. 31. Residents filing 2021 returns between Aug. 1 and Dec. 31 can expect their payment up to 12 weeks after filing.
When to expect Stimulus check 2022 California?MCTR debit card payments for Californians who received GSS I and II are expected to be mailed between October 24, 2022 and December 10, 2022. The remaining debit cards will be mailed by January 14, 2023.
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When you'll receive your payment.. Is California getting a new stimulus check in 2022?The one-time payment, known as the Middle Class Tax Refund (MCTR), will be automatically delivered to residents starting Oct. 7, 2022, through Jan. 15, 2023, according to the Newsom administration. It anticipates that 95% of all payments will be issued before the end of the year.
Can I track my inflation relief check?The short answer is no, the Franchise Tax Board says. But to combat frustration with the vague timelines originally laid out, the agency has released more details on when you can expect to receive your direct deposit or debit card.
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When will i get my california state stimulus check
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