California inflation relief payments: Timeline for last group of recipients released
LOS ANGELES - If you have yet to receive your California inflation relief payment- we've got some good news for you.
The Franchise Tax Board recently revealed the final timeline for the remaining payments of the Middle Class Tax Refund.
Here is the final timeline:
Debit card payments
GSS I or II check recipients (last name beginning with A – E)
When: 10/24/2022 through 11/05/2022
GSS I or II check recipients (last name beginning with F – M)
When: 11/06/2022 through 11/19/2022
GSS I or II check recipients (last name beginning with N – V)
When: 11/20/2022 through 12/03/2022
GSS I or II check recipients (last name beginning with W – Z)
When: 12/04/2022 through 12/10/2022
Non-GSS recipients (last name beginning with A – K)
When: 12/05/2022 through 12/17/2022
Non-GSS recipients (last name beginning with L – Z)
When: 12/19/2022 through 12/31/2022
Direct deposit recipients who have changed their banking information since filing their 2020 tax return
When: 12/17/2022 through 01/14/2023
According to the timeline, all direct deposit payments - for both GSS I or II recipients and non-GSS recipients have been paid out.
Californians are reminded that direct deposits typically occur within 3-5 business days from the issue date, but may vary by bank.
SUGGESTED:
- California inflation relief payments: Here's when you'll get the money
- California inflation relief refund: Here's who's eligible for payment
- Millions of Californians could get $1,050 'inflation relief' checks from government: Do you qualify?
Allow up to 2 weeks from the issue date to receive your debit card by mail.
Am I eligible?
Around 23 million California residents are eligible for the one-time payment, which has been set up in three tiers based on the adjusted gross income on your 2020 California state tax return.
In addition to meeting income requirements, residents must have filed their 2020 tax refund by Oct. 15, 2021, have lived in the state of California for at least half of the 2020 tax year and still be California residents on the date the payment is issued.
You also cannot have been claimed as a dependent by someone else in the 2020 tax year.
According to the FTB, more than $5 million in refunds to over 17 million Californians have been given out so far.
How much will I get?
Payment amounts vary on income and 2020 taxes. Below is a breakdown of the expected payments, according to the Franchise Tax Board.
Joint returns
- AGI of $150,000 or less: $1,050 with dependent or $700 without
- AGI $150,001 to $250,000: $750 with dependent or $500 without.
- AGI of $250,001 to $500,000: $600 with dependent or $400 without.
Head of Household
- AGI of $150,000 or less: $700 with dependent or $350 without.
- AGI of $150,001 to $250,000: $500 with dependent or $250 without.
- AGI of $250,001 to $500,000: $400 with dependent or $200 without.
Those who file single
- AGI of $75,000 or less: $700 with dependent or $350 without.
- AGI of $75,001 to $125,000: $500 with dependent or $250 without.
- AGI of $125,001 to $250,000: $400 with dependent or $200 without
Single filers making more than $250,000 and joint filers making more than $500,000 are not eligible for payments.