California residents can expect to receive direct payments worth up to $1,050 within the next three days from a state program intended to provide relief from inflation.
The Middle Class Tax Refund has been sent out to certain eligible Californians since Dec. 19 and will continue to be issued all the way through 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.
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.
UNIVERSITY OF CALIFORNIA STRIKE ENDS WITH RAISES ALL AROUND
The recipients who can expect their payment within the next few days 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.
California residents who were deemed eligible to be claimed as dependents for taxes in 2020 are not eligible for this offer.
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.
These payments will be made via direct deposit to any taxpayer who filed their 2020 state tax returns online and received their tax refunds by direct deposit.
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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.
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Tags: Money, California, Tax, Stimulus, News
Original Author: Asher Notheis
Original Location: Stimulus update: Direct cash payments worth up to $1,050 will arrive in next three days
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