Residents in California began getting stimulus payments in October. The $12 billion economic assistance program launched by Governor Gavin Newsom included the Middle-Class Tax Refund or MCTR.
The Franchise Tax Board reports that as of Dec. 9, over 6.9 million direct deposits and 6.8 million debit cards have been distributed. However, millions of citizens are still awaiting the one-time payment, which may total up to $1,050, and officials predict they won’t be done distributing money until around the middle of January.
You still haven’t received your Middle-Class Tax Refund. Discover who is eligible for the payment and when you will receive it.
The Middle-Class Tax refund is available to any California citizen who paid state taxes separately and earned $250,000 or less, as well as married couples who did the same and earned $500,000 or less.
No one who was claimed as a dependant during the 2020 tax year, nor individual taxpayers who made over $250,000 in 2020 — or couples who made over $500,000 combined — are qualified for the refund.
You must also have filed your state tax return by October 15, 2021, stayed in California for at least half of the 2020 tax year, and still be a citizen of California on the date the MCTR payment is made.
The first direct payments were made to California residents who got money from either of the Golden State Stimulus payments, and they were supposed to arrive before October 25. According to reports, the remaining direct deposits were made between October 28 and November 14.