Do you want to get money in 2023 through direct deposit or a debit card? If that’s the case, you’re in the right place. Keep reading to find out more on How to Apply for 2023 California Inflation Relief Funds.
Who can get an Inflation Relief Payment in California?
The Middle-Class Tax Refund made the Inflation Relief Payment program to help Californians who are having trouble making ends meet because of rising costs of living by giving them direct deposits and debit cards.
According to the Franchise Tax Board, people who want direct deposits must meet the following requirements:
- Be a U.S. citizen or legal resident.
- File a return for the year 2020 by October 15, 2021.
- Have a CA-adjusted gross income of less than $250,000 (for individuals) or less than $500,000 (for couples filing jointly) on your California tax return for 2020.
- Show proof of living in California on the day you file your application.
- Not be able to be claimed as a dependent on your tax return for 2020
- You must live in California for at least six months of the 2020 tax year.
Note: If you applied for an Individual Taxpayer Identification Number (ITIN) but didn’t get it by October 15, 2021, you had to file your full tax return for 2020 by February 15, 2022, or you would have to pay a penalty.
Schedule revision for the Middle Class Tax Refund (Inflation Relief Funds):
Payments Made by Direct Deposit:
|Recipients||Payment issue date|
|GSS I or II direct deposit recipients||10/07/22 through 10/25/22|
|Non-GSS recipients who satisfy the requirements for direct deposit||10/28/22 through 11/14/2022|
Debit card transactions::
|Recipients||Debit card mailing timeframe|
|GSS I or II check recipients (last name beginning with A – E)||10/24/2022 through 11/05/2022|
|GSS I or II check recipients (last name beginning with F – M)||11/06/2022 through 11/19/2022|
|GSS I or II check recipients (last name beginning with N – V)||11/20/2022 through 12/03/2022|
|GSS I or II check recipients (last name beginning with W – Z)||12/04/2022 through 12/10/2022|
|Non-GSS recipients (last name beginning with A – L)||12/05/2022 through 12/17/2022|
|Non-GSS recipients (last name beginning with M – Z)||12/19/2022 though 12/31/2022|
|Direct deposit recipients who have changed banking information since filing their 2020 tax return||12/17/2022 through 01/14/2023|
|Debit card recipients whose address has changed since filing their 2020 tax return||01/30/2023 through 02/14/2023|
Depending on your salary, tax filing status, and the number of dependents you have, the payments might be anywhere from $200 and $1,050.
What should I do if, after two weeks from February 14, I still haven’t received it?
If after 14 days from February 14 you are still waiting for your inflation relief payments, there are a few things you can try.
- Check first to see if the address the California Franchise Tax Board (FTB) has on file matches your actual address.
- Second, confirm that you still meet the requirements for the relief payments and that all other conditions have been met in order to be eligible for them.
- Contact us here if you need assistance locating this payment, and a member of our staff will be pleased to explain it for you as soon as possible.
Do I have to pay taxes on my refund from the middle class?
It is still unclear with certainty whether the Inflation Relief Refund payment is regarded as taxable income. The IRS will provide recommendations the following week to help you decide whether the sum should be deducted from your taxes.
What if I still have to submit a California tax return for 2020?
If you want to be eligible for the MCTR award, you must submit your California tax return for 2020.