TODAY is the last day that California residents will receive a refund worth up to $1,050.
The Middle Class Tax Refund (MCTR) will complete its payout to residents beginning February 14.
California began distributing direct deposits ranging from $200 to $1,050 in October 2022.
The state has already transferred approximately $9 billion, and as of January 13, 2023, nearly seven million direct deposits have been made.
Payments are made either by direct deposit or by debit card which should be sent through the post.
The majority of MCTR payments have already been issued.
However, there are still some payments that require additional verification and are still being processed.
DO YOU QUALIFY?
No application was required as eligible taxpayers receive the payment automatically.
Recipients of MCTR direct deposits who have changed their bank details since filing their 2020 tax return will receive a debit card.
Debit card shipping began on December 17, 2022 and ended on January 14, 2023.
February 14, 2023 is the last day that refunds will be sent out. However, there will be an additional update from the state on the refunds on February 22nd.
Eligibility is based on meeting the following requirements:
- You must have filed your 2020 tax return between October 15, 2021 and February 14, 2022.
- You must have met the California Adjusted Gross Income (CA AGI) limits.
- You could not be claimed as a dependent in the 2020 tax year.
- You must be a California resident at the time of payment.
MORE DIRECT PAYMENTS
California residents aren’t the only ones receiving a direct payment from the state, as New Jersey residents will soon be eligible for a monthly payment.
In 2022, Paterson, New Jersey proposed using $46 million in funds allocated under the American Rescue Plan Act.
Approximately $1.4 million of the total amount would have been allocated for monthly direct payments.
This year the program will give money to 200 families.
Read more about cash assistance for residents of South Carolina and two other states.
And 200,000 checks worth up to $4,555 are sent weekly.
https://www.the-sun.com/money/7389090/california-final-deadline-middle-class-tax-refund-mail/ One-time relief payments ranging from $200 to $1,050 will be mailed out on the final day — see if you get extra money