In these days the third round of payments of the stimulus check for inflation will be delivered. We tell you who receives it now
Since last October 7, two rounds of stimulus checks have been distributed for inflation in California. The first batch was earmarked for people who chose direct deposit. The second round was for those who have chosen to receive economic relief on a debit card. This time we are going to tell you who will receive the third lot.
The state of California has been issuing so-called Middle Class Tax Refunds to people who have received the first and second round Golden State stimulus checks.
The week of October 24 it was the turn of those who would receive the money through a debit card, which has been sent by post. For the week of November 6, it is the turn of those who will receive a debit card, only that their name begins with the letters from F to M.
Payments range in size from $200 to $1,050. The amount earmarked for each taxpayer will depend on the income earned during 2020, the filing status they use when filing taxes, and the number of dependents they have.
The Franchise Tax Board expects to have issued about 8 million direct deposits and 10 million debit cards by early next year. It is estimated that, in total, some 23 million people are eligible for this financial aid.
To qualify for the new Middle Class Tax Refund, the California Franchise Tax Board states that the following requirements must be met:
-Living in the state of California at the time the inflation stimulus check is issued.
-Meet the following income requirements. Single filers earning up to $250,000, and married couples earning up to $500,000 filing jointly, will get at least a partial payment.
-If your adjusted gross income was $250,001 or more as a single, or $500,001 or more as a joint filer, on your 2020 tax forms, you don’t qualify for the tax refund.
-Having filed your 2020 taxes before October 15, 2021.
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.