Stimulus update: California direct payment worth up to $1,050 to be issued in four days
Asher Notheis
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There are only a few days left before California’s Middle Class Tax Refund payment, worth up to $1,050, will be issued to all recipients.
This final wave of payments 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. Payments for this refund, which will wrap up on Feb. 14, have been going out to recipients since October 2022, according to the California Franchise Tax Board.
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To get the full payment of $1,050, joint filers must have had an adjusted gross income of $150,000 or less for the 2020 tax year. The smallest amount one can receive from this refund is $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.
If a California resident has an adjusted gross income of over $500,000, they are not eligible to receive a payment from this refund.
All of the recipients of this refund are California residents who filed their 2020 taxes by Oct. 15, 2021. The tax board recommends recipients allow up to two weeks to receive their debit card in the mail.
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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.