California has paid over 7 million eligible residents under the state’s inflation relief program since it launched last month. But there are still millions more that have not been paid, leaving many wondering: Where is my money?
California has paid over 7 million eligible residents under the state’s inflation relief program since it launched last month. The relief payments are meant to soften the blow of increasing costs, but there are still millions more that have not been paid, leaving many wondering: Where is my money?
The Middle Class Tax Refund has paid over 6 million eligible Californians through direct deposit and mailed 1.6 million people their payments through debit cards, according to the California Franchise Tax Board. In total, the state hopes to pay 23 million CaliforniansThe one-time payments range from $400 to $1,050 for couples who filed jointly on their 2020 state income tax return and $200 to $700 for those who filed independently.
Direct deposits will go out to anyone who filed their 2020 income tax return electronically. Payments will be made to the same bank account where the 2020 income tax refund was deposited.If a person filed their 2020 income tax return electronically, but they have since changed their bank account number or bank altogether, then they will receive a debit card.Direct deposit payments started to roll out between Oct. 7 and Oct. 25.
For those who changed their banks or bank account numbers from when they electronically filed their 2020 income tax returns, they will have to wait a little longer. Their payments should arrive in a debit card from Dec. 17 through Jan. 14. If anyone received a Golden State Stimulus check in the mail in 2021, they too can expect a physical debit card. Those are expected to arrive between Oct. 24 through Dec. 10. Remaining cards will be sent out through Jan. 14.
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