News, Inflation relief debit cards to be sent out to Californians starting today : detailed suggestions and opinions about Inflation relief debit cards to be sent out to Californians starting today .
Debit cards with inflation relief payments will be mailed out to millions of Californians starting Monday and should arrive in mailboxes over the next few weeks to help ease the pain of increased prices.
The California “Middle Class Tax Refund” program aims to soften the blow of rising inflation through a one-time payment, ranging from $400 to $1,050 for couples who filed jointly on their 2020 state income tax return and $200 to $700 for those who filed independently.
Eligible residents will need to have filed their 2020 tax return by Oct. 15, 2021, meet the state’s adjusted gross income limits and not have been claimed as a dependent in 2020. Individuals will also have to have lived in California for six months or more in 2020 and be a California resident when the payment is issued.
Roughly 4.2 million Californians who electronically filed their 2020 income tax returns have already received their payments, according to the California Franchise Tax Board. The majority of all direct deposits will arrive by November, but additional direct deposits will be delivered from Oct. 28 through Nov. 14.
Leave a Comment