Is there going to be another california stimulus check

by: Phil Mayer

Posted: Aug 19, 2022 / 04:02 PM PDT

Updated: Aug 19, 2022 / 04:02 PM PDT

(KRON) — Inflation relief payments are coming to some Californians, but they will not hit bank accounts until October 2022 at the earliest. The payments are officially called the Middle Class Tax Refund.

For Californians that qualify, payments will be received automatically between October 2022 and January 2023. The state has five qualifications that residents must meet to be eligible.

Qualifying for the California middle class tax refund

Residents must have filed their 2020 tax return by October 15, 2021, to be eligible. However, people who applied for an Individual Taxpayer Identification Number but did not receive it by October 15, 2021 have an extended deadline to file their return by February 15, 2022.

To receive a payment, your salary must have been less than $500,000 in 2020. The exact size of the tax return varies based on salary and whether you claimed a dependant, ranging from $200 to $1,050. For more on calculating the size of your tax return, click HERE.

There are three other qualifications that need to be met to receive the payment

• You must not have been eligible to be claimed as a dependent in the 2020 tax year
• You must have been a California resident for at least six months during the 2020 tax year
• You must be a California resident on the day the payment is issued.

The payments will come either through direct deposit or on a debit card. People who filed electronically and received their 2020 tax refund by direct deposit should get their inflation relief payment the same way. Otherwise, the payment will come on a debit card.

KRON ON is streaming news live now

Anyone with additional payments can call the State of California’s Franchise Tax Board at (800) 542-9332 on weekdays from 8:00 a.m. to 5:00 p.m.

by: Phil Mayer

Posted: Aug 18, 2022 / 10:44 AM PDT

Updated: Aug 19, 2022 / 03:55 PM PDT

(KRON) — Inflation relief payments are coming to some Californians, but they will not hit bank accounts until October 2022 at the earliest. The payments are officially called the Middle Class Tax Refund.

For Californians that qualify, payments will be received automatically between October 2022 and January 2023. The state has five qualifications that residents must meet to be eligible.

Qualifying for the California middle class tax refund

Residents must have filed their 2020 tax return by October 15, 2021, to be eligible. However, people who applied for an Individual Taxpayer Identification Number but did not receive it by October 15, 2021 have an extended deadline to file their return by February 15, 2022.

To receive a payment, your salary must have been less than $500,000 in 2020. The exact size of the tax return varies based on salary and whether you claimed a dependant, ranging from $200 to $1,050. For more on calculating the size of your tax return, click HERE.

There are three other qualifications that need to be met to receive the payment

• You must not have been eligible to be claimed as a dependent in the 2020 tax year
• You must have been a California resident for at least six months during the 2020 tax year
• You must be a California resident on the day the payment is issued.

The payments will come either through direct deposit or on a debit card. People who filed electronically and received their 2020 tax refund by direct deposit should get their inflation relief payment the same way. Otherwise, the payment will come on a debit card.

KRON ON is streaming news live now

Anyone with additional payments can call the State of California’s Franchise Tax Board at (800) 542-9332 on weekdays from 8:00 a.m. to 5:00 p.m.

Millions of qualifying Californians will receive up to $1,050 as part of the state's Middle Class Tax Refund program. The first round of payments are set to go out Friday.

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

The payments, which are technically tax refunds, are meant "to help address rising costs," according to Gov. Gavin Newsom's office.

Newsom and state lawmakers reached a deal for the refunds back in June, when gas prices were shattering records at or above $7 a gallon.

Are you eligible?

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

To calculate your payment, go to the state's website and click on "Middle Class Tax Refund" or simply use our tool below:

When will you receive your payment?

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 said they expect about 90% of direct deposits to be issued in the month of October 2022.

Debit cards are expected to be mailed between Oct. 25, 2022 - Dec. 10, 2022, with the rest receiving the card by Jan. 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. The remaining eligible taxpayers will receive their payments in the form of a debit card, according to the California Franchise Tax Board website.

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 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

The CNN Wire contributed to this report.

¿Quieres leer este artículo en español? Haz clic aquí