A NEW round of direct payments between $200 and $1,050 are set to be sent next week.
Eligible residents in California will begin receiving the new payments starting Monday, January 30.
So far, more than $9billion has been sent to eligible taxpayers as part of the Middle Class Tax Refund.
The one-time payments started being issued in October 2022.
The money was sent either through direct deposit or debit cards.
For the final round of payments, debit cards will be given to people whose addresses have changed since filing their 2020 tax return.
WHO IS ELIGIBLE?
You are eligible to receive a refund if you meet the following requirements:
- Filed your 2020 tax return by October 15, 2021
- Meet the California adjusted gross income (CA AGI) limits
- Were not eligible to be claimed as a dependent in the 2020 tax year
- Were a California resident for six months or more of the 2020 tax year
- Are a California resident on the date the payment is issued
HOW ARE PAYMENTS DELIVERED?
Californians have been receiving their MCTR payment by direct deposit or debit card.
Direct deposit payments are made to eligible taxpayers who e-filed their 2020 CA tax return and received their CA tax refund by direct deposit.
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MCTR debit card payments are being mailed to the remaining eligible taxpayers.
You will receive your payment by mail in the form of a debit card if you:
- Filed a paper return
- Had a balance due
- Received your Golden State Stimulus (GSS) payment by check
- Received your tax refund by check regardless of filing method
- Received your 2020 tax refund by direct deposit, but have since changed your banking institution or bank account number
- Received an advance payment from your tax service provider, or paid your tax preparer fees using your tax refund
WHEN WILL YOU RECEIVE YOUR PAYMENT?
Billions of dollars have already been mailed or direct deposited.
The state said any remaining payments to be mailed will come in the form of a debit card.
The return address on the envelope is Omaha, Nebraska (NE).
That’s because the Franchise Tax Board has partnered with Money Network to distribute the debit cards.
Here is the time frame:
- January 30 – February 14, 2023: Debit card recipients whose address has changed since filing their 2020 tax return
Any direct deposits occurred within three to five business days from the issue date, but it may have varied by financial institution.
Allow up to two weeks from the issued date to receive your debit card by mail.
Payments range between $200 to $1,050 depending on your California adjusted gross income.
The U.S. Sun has more on a one-time relief payment between $50 and $1,200 going out in 2023.
Plus, see if you’re eligible for a $5,000 bonus going out to hundreds of Americans.
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