2023-09-24 12:31:38
If you are awaiting the delivery of the Middle Class Tax Refund, known as the inflation stimulus check, you must take into account what the requirements are for the California Tax Board (FTB) to send it to you.
Although the checks were to be delivered between October 2022 and February 2023, there are still 5,000 people on the waiting list. According to the page of the FTBabout 7.2 million direct deposits have been made and 9.6 million preloaded debit cards have been issued by mail for a total of US$9.2 billion.
Taxpayers, who have yet to be paid, will be able to receive their payments, at the latest, between the end of September and the first week of October 2023.
WHAT YOU NEED TO RECEIVE YOUR INFLATION REFUND IN CALIFORNIA
The FTB indicated that it still has payments pending to 5,000 taxpayers, whose cases required additional review. To qualify for the Middle Class Tax Refund, you must:
Have filed your 2020 tax return by October 15, 2021Meet the California Adjusted Gross Income (CA AGI) requirementsNot have been eligible to be claimed as a dependent in the 2020 tax yearHave been a California resident for six or more months of the 2020 tax yearBe a California resident on the date the payment is issued.Have received your payment from Golden State Stimulus (GSS) by checkHave received your tax refund by check, regardless of filing methodHave received your 2020 tax refund by direct deposit, but have since changed your banking institution or bank account numberHave received a payment in advance from your tax service provider, or you paid your tax preparer’s fees using your tax refundHave a balance due.
HOW MUCH IS THE STIMULUS CHECK THAT THE STATE OF CALIFORNIA WILL GIVE?
According to the California Franchise Tax Board, the amount depends on your Adjusted Gross income and whether you have dependents.
Joint refunds
If the declaration was US$150,000 or less: they will deliver US$700 and US$1050 (with a dependent).If the declaration was US$1150,001 to US$1250,000: they will deliver US$500 and US$750 (with a dependent).If the declaration It was US$1,250,001 to US$1,500,000: they will deliver US$400 and US$650 (with dependent).
Head of household or surviving spouse
If the declaration was US$150,000 or less: they will deliver US$350 and US$700 (with dependent). If the declaration was US$1,150,001 to US$1,250,000: they will deliver US$250 and US$500 (with dependent).
Single or Married/RDP Filing Separately
If the declaration was US$75,000 or less: they will deliver US$350 and US$700 (with dependent).If the declaration was US$75,001 to US$125,000: they will deliver US$250 and US$500 (with dependent).If the declaration was US$125,001 at US$250,000: they will deliver US$200 and US$400 (with dependent).
NOTE: You can enter the Tax Refund Estimator for the Middle Class so you can do the calculation.
Refund check in California can arrive on credit card (Photo: FTB)
HOW WILL THE PAYMENT OF THE INFLATION STIMULUS CHECK BE MADE?
If you have not yet received your Tax Refund for the Middle Class in California can come in two ways, the California Tax Board (FTB) indicated that the economic stimulus can come to you in two ways:
Direct Deposit: The account where you receive your refunds. Debit Cards: These are sent by mail, so keep an eye on your mailbox.
MORE INFORMATION ABOUT STIMULUS CHECKS IN THE US
HOW WILL PAYMENT BE MADE AND UNTIL WHEN FOR THE STIMULUS CHECK IN MINNESOTA?
Refund will be made through direct deposit first and paper checks by mail. According to the state of Minnesota, a total of 2.1 million payments are expected to be issued by the end of September.
For this, it is not necessary to make any request. Only previously filed 2021 property tax returns(s) will be used to determine who is eligible and payment amounts. MORE DETAILS HERE
IN WHICH STATES WILL STIMULUS CHECKS BE DELIVERED IN SEPTEMBER?
There will be four states where taxpayers will be given the stimulus checks, according to Solodinero. With this, millions of people will be able to have extra money that will be very helpful to them.
The aforementioned media indicated that the states are: Alaska, Minnesota, Montana and Washington. MORE DETAILS HERE
Many people in the United States are waiting for the delivery date of the stimulus check (Photo: AFP)
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