Stimulus update: Refund worth up to $1,050 to begin being sent to recipients in seven days
Asher Notheis
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The final wave of payments for California’s Middle Class Tax Refund, which could be over $1,000 for select recipients, will start being issued in seven days.
The Middle Class Tax Refund has been issuing payments to recipients since October of last year, with all of the people receiving these payments being taxpayers who filed their 2020 taxes by Oct. 15, 2021. This final wave will be made in the form of a debit card and will be for recipients who have changed their address since filing their 2020 tax return, according to California’s Franchise Tax Board.
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The time frame window of when recipients will receive this payment will be from Jan. 30 through Feb. 14. The tax board recommends recipients allow up to two weeks to receive their debit card in the mail.
To get the full payment of $1,050, married or joint filers must have had an adjusted gross income of $150,000 or less for the 2020 tax year. The smallest amount of money that one can receive from this refund will be $200, which will be given to single filers who had an adjusted gross income between $125,001 and $250,000 for the 2020 tax year and who do not have dependents.
Anyone with an adjusted gross income of over $500,000 is not eligible to receive a payment from this refund.
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A total of 31,650,087 California taxpayers and their dependents have benefited from this refund, with over $9 billion being issued to recipients from these payments as of Jan. 13.
Additional information can be found by visiting the California Franchise Tax Board’s website or by calling 800-542-9332.