California residents are up for the newest which could be over $1,000, and will all be issued by the end of the week.
The latest round of payments for a group of California residents, who could be paid over $1,000, will all be issued by the end of the week. (Photo: The US Sun)
California Residents to Receive $1,050 Direct Payments
Since October 2022, the Middle-Class Tax Refund has been released to its recipients. The ones who received the refunds are those who filed their 2020 taxes by Oct. 15, 2021. Those who received their 2020 tax refund via direct deposit and have since changed their banking information after filing their 2020 tax return are the latest recipients according to the California Franchise Tax Board.
Last December 17, these recipients began receiving their refunds. All recipients in this group are set to receive their refunds by Saturday.
The latest round of payments for a group of California residents, who could be paid over $1,000, will all be issued by the end of the week. (Photo: The US Sun)
Middle-Class Tax Recipients in California to Receive up to $1,050
Married or joint filers must have had an adjusted gross income of $150,000 or less for the 2020 tax year to get the full payment of $1,050. $200 will be the smallest amount of money that one can receive from this refund. It 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.
According to a published post by Washington Examiner, as of December 30, over $8.7 billion in total refunds have been distributed to 7,020,930 recipients.
The only remaining group of people who still await their payments are debit card recipients who have changed their address since filing their 2020 tax return once this round of payments is complete. They will receive their payment sometime between Jan. 30 and Feb. 14.
READ ALSO: Here’s An Overview Of California’s Middle-Class Tax Refund
