California is giving itself a deadline extension to send out the remaining Middle-Class Tax Refunds.
California is giving itself a deadline extension to send out the remaining Middle-Class Tax Refunds.
The Inflation Relief Program
As of November 14, all direct deposits have been issued already. However, several debit cards still need to be mailed out, according to the California Franchise Tax Board. Those recipients who changed addresses since filing their 2020 tax return could have their debit cards sent out between Jan. 30 and February 14.
The Middle-Class Tax Refund, also known as the inflation relief program, seeks to pay $9.5 billion to eligible Californians. The Refund payments are from $200 to $1,050 depending on your filing status from your 2020 income tax returns and whether you claimed dependents.
Last week, according to the latest information from the state Franchise Tax Board, shows more than 7 million people received direct deposits and at least 9 million have been allocated to debit cards.
The one-time payments range between $400 to $1,050 for couples who filed jointly on their 2020 state income tax return and $200 to $700 for individual filers.
You can review your qualification and calculate your total payment amount with the Franchise Tax Board’s refund estimator
Here’s How To Qualify
- Am I qualified for the Middle-Class Tax Refund?
Eligible Californians can get their payments if:
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- If You filed your 2020 tax return by Oct. 15, 2021.
- Not a dependent on your AGI.
- Earning $500,000 or less in adjusted gross income.
- Should be a California resident on the date the payment is issued and has been a California resident for at least six months in the 2020 tax year.
- How To Receive Payment?
The refund payments will depend on how your 2020 income tax return was filed:
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- The 2020 tax return should be filed electronically and received a direct deposit electronically to the same bank account where the 2020 income tax return was deposited.
- If your 2020 income tax return is filed with an application form and should get a physical debit card.
- If the 2020 income tax return is filed electronically, however, your bank has changed or bank account number then you’ll get a debit card.
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