The first payments for the Middle Class Tax Refund were sent on October 7. People are of course hoping to get their money as soon as possible and luckily the Californian Franchise Tax Board (CFTB has published information for when people should receive their payment,
The CFTB says it plans to send 90% of direct deposit payments for the middle class tax refund in October 2022. Those who received the first or second Golden State Stimulus (GSS I and II) by direct deposit can expect to see the money in their account between October 7 and October 25. The remaining direct deposits will be issued between October 28 and November 14, 2022.
A number of people will receive a debit card with the money between October 25 and December 10, the others receiving the card before January 15, 2023. These are people who have not completed an electric tax form with information to found on the CFTB website.
95% must be sent by the end of the year.
California Democratic Governor Gavin Newsom and legislative leaders agreed in late June to spend part of the state’s windfall budget surplus on the $17 million inflation program.
“California’s budget addresses the state’s most pressing needs and prioritizes getting money back into the pockets of millions of Californians who are struggling with global inflation and rising prices for everything from gas to groceriessaid Newsom, Senate Speaker Pro Tem Toni Atkins and Assembly Speaker Anthony Rendon in a joint statement end of June.
How can I track payment?
There is currently no way to track payments. However, all information regarding who receives the payments and when they are expected can be found on the CFTB website.
What is included in the payment?
Californians who filed a 2020 tax return by October 15, 2021 will begin receiving direct payments on October 7. The tax refund plan will provide up to $1,050 to millions of California families to fight against inflation and high interest rates gas price which are on the rise again.