Stimulus Checks 2022: California Tax Refund Payments Sent; Are You eligible?

October 8, 2022 James Oliver Stimulus Check, US Local News 0

Stimulus Payments October: Which states are sending checks?

Approximately 23 million taxpaying California residents are eligible to receive the payments, with smaller payments going to higher earners.

Millions of qualifying Californians will welcome up to $1,050 as part of the state’s Middle-Class Tax Refund schedule. The first round of payments is set to go out Friday.

The pays, technically tax rebates, are meant “to help address rising costs,” according to Gov. Gavin Newsom’s office.

Newsom and state lawmakers reached a deal for rebates in June when gas prices smashed records at or above $7 a gallon.

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Are you eligible?

You must have filed your 2020 tax return by last October to be qualified and make less than $150,000 yearly. If you qualify, there is no action to take. You will receive payment automatically without an application process.

To calculate your payment, go to the state’s website and click on “Middle-Class Tax Refund” or use our tool below:

When will you receive your compensation?

According to the California Franchise Tax Board website, eligible Californians will receive their payment via direct deposit issued to their bank accounts or via a debit card sent in the mail.

Direct deposit payments are expected to be issued to bank accounts during these windows: Oct. 7, 2022 – Oct. 25, 2022, and Oct. 28, 2022 – Nov. 14, 2022.

State officials expect about 90% of direct deposits to be issued in October 2022.

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Debit cards are expected to be mailed between October 25, 2022, and December 10, 2022, with the rest receiving the card by January 15, 2023.

State officials said they expect about 95% of all payments – direct deposit and debit cards combined – to be issued by the end of this year.

So who will get paid by direct deposit, and who will receive a debit card?

Generally, direct deposit payments will be made to eligible taxpayers who e-filed their 2020 CA tax return and received their CA tax refund by direct deposit. According to the California Franchise Tax Board website, the remaining eligible taxpayers will receive their payments in the form of a debit card.

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