Stimulus update: Refund worth up to $1,050 to start being sent to California recipients in five days
Rachel Schilke
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California residents can expect to receive the final wave of direct payments worth up to $1,050 in five days.
The Middle Class Tax Refund, which began in October 2022, sends out rebates via direct deposits and state-issued debit cards to eligible Californians and is designed to offer relief from increasing prices.
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Payment amounts for each resident vary and depend on a recipient’s income and how many dependents they claim. At maximum, married filers who make $150,000 or less and have dependents will receive a payment of $1,050. On the low end, single filers making between $125,000 and $250,000 and claiming no dependents will receive payments of $200.
Eligible applicants must have been residents of California for at least six months during the 2020 tax year, have filed their 2020 taxes by Oct. 15, 2021, and have earned less than $250,000 a year for single filers or less than $500,000 a year for couples in that year.
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An individual resident deemed eligible to be claimed as a dependent for taxes in 2020 is ineligible for this tax refund program, per the state.
California is among numerous states and cities implementing various solutions to provide relief to residents struggling with surging prices on nearly all products due to high inflation.