Eligible California residents can receive up to $1,050 in state-issued direct payments as part of the state’s plan to combat inflation and rising consumer costs.
The payments, called the Middle Class Tax Refund, are set to be sent out to eligible residents beginning in October by direct deposit or state-issued debit cards. All the payments are expected to be delivered by January 2023.
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The amounts of the payments will vary depending on the income of recipients and the number of dependents.
As a minimum, single filers making between $125,001 and $250,000 with no dependents will receive a payment of $200. As a maximum, married filers who make $150,000 or less and have dependents will receive a payment of $1,050.
Eligible applicants must have been residents of California for six months during the 2020 tax year, have filed their 2020 taxes by Oct. 15, 2021, and have earned less than $250,000 a year for single filers or less than $500,000 a year for couples in that year.
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However, a person who was deemed eligible to be claimed as a dependent for taxes in 2020 is ineligible for this tax refund program, according to the state.
California is one of several states attempting a payment plan, such as one-time payments or tax rebates, to provide financial relief to those struggling amid high inflation.
