Stimulus update: Direct cash payments worth up to $1,050 will arrive within next 10 days for millions
Asher Notheis
Video Embed
Residents of California can expect to receive direct payments worth up to $1,050 as part of a state program intended to provide relief from inflation.
The Middle Class Tax Refund will be sent out to certain eligible Californians between Monday and New Year’s Eve. The final waves of this payment, consisting of direct deposits and state-issued debit cards, are set to be sent by the end of January, according to the state government’s website.
FLORIDA FINISHING 2022 WITH RECORD $22 BILLION SURPLUS
The recipients who can expect their payment within the next two weeks are people who did not receive the Golden State Stimulus, a payment given to Californians in the first half of 2021, and whose last names begin with the letters L through Z. Non-GSS recipients whose last names began with letters A through K already received their payment between Dec. 5 and Dec. 17.
The other people who are still waiting for this payment are direct deposit recipients who changed their banking information after they filed their 2020 tax returns. They will receive their payment sometime between Dec. 17 and Jan. 14.
Any state residents who were deemed eligible to be claimed as dependents for taxes in 2020 are not eligible for this offer.
To qualify for this payment, applicants must have been residents of California for at least six months during the 2020 tax year, filed their 2020 taxes by Oct. 15, 2021, and earned less than $250,000 a year for single filers or less than $500,000 a year for couples.
Single filers who make between $125,000 and $250,000 a year with no dependents will receive a payment of $200, a lower payment compared to what other filers may get. Married filers who make $150,000 or less and have dependents will receive the highest payment available from this refund at $1,050.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Direct deposit payments will be made to any taxpayers who filed their 2020 state tax returns online and received their tax refunds by direct deposit.
Middle Class Tax Refund debit card payments will be mailed to everyone else who qualifies for this payment, according to California’s Franchise Tax Board.
Additional information can be found by visiting California’s Franchise Tax Board’s website or by calling 800-542-9332.