California is sending out another round of stimulus checks in early October.
Fox 5 San Diego says the first set of direct payments is set to go out on October 7th.
The Franchise Tax Board in California says if you’ve met all the requirements, the best thing to do is just wait for the money, and not contact the FTB.
In general, you have to be a California resident, have filed your 2020 taxes on time, and fall under the income limits in order to qualify.
In 2020, you must have earned less than $250,001 in adjusted gross income as an individual tax filer, or $500,001 as a couple filing jointly, to qualify for the inflation relief checks.
The more money you made in 2020, the smaller your inflation relief payment will be.
If you don’t see a direct deposit hit your bank account on Oct. 7, don’t panic, the payments are going to be issued in waves.
The first group of people to get the Middle Class Tax Refund will be for Californians who got the Golden State Stimulus payments (either the first or second round) via direct deposit. Those payments will be issued to bank accounts between Oct. 7 and Oct. 25, the Franchise Tax Board said.
The rest of the direct deposits will be sent out between Oct. 28 and Nov. 14.
People who aren’t set up for direct deposit will get a debit card sent to their address.
Debit cards will be mailed between Oct. 25 and Dec. 10 for Californians who got Golden State Stimulus payments by debit card last year.
The remaining debit cards will go out by Jan. 15, 2023.