According to The U.S. Sun, Californians are to receive a tax rebate of $200 up to $1,050. Individuals who filed their 2020 tax return by October 15, 2021, and satisfy the required California adjusted gross income (CAGI) limits are eligible for a refund. Individuals should also be state residents for six months or more of the 2020 tax year. The payment is issued through direct deposit or debit card from the Middle-Class Tax Refund (MCTR).
California residents can receive tax Rebate of up to $1,050 through direct deposit or debit card. (CNET)
Direct deposit payments are given to qualified taxpayers who filed their 2020 CA tax return electronically and received their CA tax refund via direct deposit. While debit card payments are sent to remaining eligible taxpayers. The debit card is given if qualified residents if they:
• Filed for a paper return
• Had an unpaid balance
• The Golden State Stimulus (GSS) payment is received by check
• The 2020 tax refund is received through direct deposit but changed the banking institution or bank account number
• The tax refund is used to pay for tax Preparer fees, or receive an advance payment from a tax service provider
Multiple batches were issued from October 2022 to January 14, 2023. Almost 23 million MCTR payments have already been issued by direct deposit or debit card. According to the Franchise Tax Board, more than 9.4 million debit cards have been issued, but they will expire in April 2026, so people have until 3 years to spend.
