In less than two weeks from now, California plans to begin giving the Middle-Class Tax Refund straight to citizens’ bank accounts and mailboxes. The first batch of direct payments, also called inflation relief checks, is set to go out on Oct. 7, the Franchise Tax Board said.
Californians are getting $$ starting TOMORROW! 💵
Those eligible will receive up to $1,050 to help with rising costs from groceries to gas.
23 million Californians will benefit from this $9.5 billion tax refund.
See how much you’ll get: https://t.co/SyToO7HRgl pic.twitter.com/T00orcABfa
— Office of the Governor of California (@CAgovernor) October 6, 2022
Since the plan to send millions of Californians payments up to $1,050 was announced months ago, the state agency has been fielding questions from eager residents who could really use the extra money. But the FTB says if you’ve met all the requirements, the best thing to do is just wait.
JUST IN: In first week of October, California inflation relief checks will go out to eligible people making up to $250,000, and they will receive payments ranging from $200 to $1,050, per SFChronicle.
— unusual_whales (@unusual_whales) September 23, 2022
Stimulus check Eligibility criteria
“MCTR payments cannot be accelerated by contacting FTB,” the agency told Nexstar. “Californians who meet all eligibility criteria do not need to do anything to receive their payments.”
If you don’t see a direct deposit hit your bank account on Oct. 7, don’t panic. The payments are going to be issued in waves.
The first group of people to get the Middle Class Tax Refund will be for Californians who got the Golden State Stimulus payments (either the first or second round) via direct deposit. Those payments will be issued to bank accounts between Oct. 7 and Oct. 25, the Franchise Tax Board said.
The rest of the direct deposits will be sent out between Oct. 28 and Nov. 14.