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Will Californians receive additional inflation relief cheques or Middle Class Tax Refund?

California Middle Class Tax Refund: Here’s who qualifies for inflation relief payments
California Middle Class Tax Refund: Here’s who qualifies for inflation relief payments (Photo via Getty)

A Middle Class Tax Refund up to $1,050 is still in effect in February 2023.

Inflation in the United States hit historic highs last year. Numerous government agencies approved delivering stimulus cheques or tax refunds as inflation relief for hard-working Americans due to the rising prices, notably of staple commodities. Despite recent decreases in inflation, assistance is still being supplied.

For the Middle Class Tax Refund, California has issued 9,112,953 debit cards and 7,020,930 direct deposits.

Inflation stimulus cheques: Which states are planning to send them?

Inflation stimulus cheques: Which states are planning to send them?

 

The Middle Class Tax Refund up to $1,050 is still in effect in February 2023. The payments began in October and will continue through this month. You may verify all the details and payment dates on the Middle Class Tax Refund website.

 The California Franchise Tax Board stated that the inflation relief direct payment program “will have largely run its course” in a matter of days.

The state agency is currently issuing the Middle Class Tax Refund (MCTR) to a select group of individuals who have moved since submitting their 2020 taxes. This is the final stage of anticipated payments. By February 14, the FTB anticipates finishing that stage of the procedure.

Almost all other qualified recipients ought to have already gotten their payments, either by debit card or direct transfer.

CA Franchise Tax Board

The California Franchise Tax Board (FTB) implemented a broad tax modernization initiative. FTB’s mission is to help individual and business income taxpayers file tax returns timely, accurately, and pay the correct amount to fund services important to Californians.

The California Franchise Tax Board or the FTB has until the program’s end in April 2026 to ensure that all qualified Californians receive an MCTR payment, even though they don’t anticipate much activity beyond this spring, a representative for the agency said.

A representative from the agency believes that a small percentage of payments – extraordinary circumstances requiring manual scrutiny — will continue after this month.

Californians who think they are owed a payment are urged by the California Franchise Tax Board or the FTB to first confirm their eligibility. For instance, the agency claimed that some people were under the impression that Californians needed to have timely submitted their state taxes in the tax year 2020, not 2021 or 2022, in order to qualify.

The state claims that more than $9 billion has been distributed as a result of the program, which was established to assist in reducing the financial difficulties brought on by rising inflation. Depending on a number of variables, the direct payments can range from $200 to $1,050.

California Middle Class Tax Refund: Here’s who qualifies for inflation relief payments

California Middle Class Tax Refund: Here’s who qualifies for inflation relief payments (Photo via Getty)

 

Read More: How To Apply For 2023 California Inflation Relief Funds.

 

 What to do if your California inflation relief payment hasn’t arrived?

California has given taxpayers more than $6.7 billion in inflation relief payments, but not everyone has received their full share. According to the Franchise Tax Board, the state organization in charge of overseeing Middle Class Tax Refund payments, direct deposits and debit cards are still being issued.

 The “great majority” of inflation relief cheques have already been distributed, according to the FTB, and there are very few payments still owing. This week, the agency was unable to offer an estimation.

There are still batches of debit cards that haven’t been mailed out since payments between $200 and $1,050 are still being distributed in the sequence listed in the payment schedule. Additionally, the FTB is still using direct deposits to wrap up loose ends.

Verify that you are eligible for the Middle Class Tax Refund if you haven’t already received your payout.

If you believe you should have received your payment at this point but haven’t, the FTB advises calling customer service at 1-800-542-9332. Determine your eligibility with the help of a customer support specialist, who will also go over the specifics and timing of the payment.

 

Read More: $3,417 California Earned Income Tax Credit: See Who Is Eligible

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