California Inflation Relief

California’s Middle Class Tax Relief Payments to Start This Week

October 6, 2022
by Team SESLOC

The Middle Class Tax Refund (MCTR) is a one-time payment to provide inflation relief to Californians, and payments will be sent in batches starting Friday, October 7, 2022.  Payments are based on your 2020 tax filing, and if you efiled and used direct deposit, you can expect to receive your payment via direct deposit before the end of October.  If you filed by paper or meet additional criteria, you can expect to receive a MCTR debit card, which will be mailed in batches between October 25, 2022, and January 15, 2023.

Payments range from $200 to $1,050 depending on your filing status and adjusted gross income (AGI).  Single filers earning $75,000 or less will receive $350 if they don’t have a dependent, or $700 if they do have a dependent. The payment is reduced and phased out up to an AGI of $250,000. Married or joint filers earning $150,000 or less will receive $700 if they don’t have a dependent, or $1,050 if they do have a dependent. The payment is reduced and phased out up to an AGI of $500,000.

View complete details at the State of California Franchise Tax Board to learn what you might qualify for or to check your status.

Filed under Member News
Tags

Share this post

Like this post