California's "Middle Class Tax Refund" payments to start going out Friday
SACRAMENTO — Billions of dollars worth of inflation relief payments will begin going out to people across the state starting Friday.
The so-called Middle Class Tax Refund payments of up to $1,050 that will benefit millions of eligible Californians under the largest such program in state history, according to a press release issued by the governor's office. Upwards of 23 million residents, including those who do not have U.S. citizenship, will be receiving the refund to help them cover the rising costs of gas and groceries.
"We know it's expensive right now, and California is putting money back into your pockets to help. We're sending out refunds worth over a thousand dollars to help families pay for everything from groceries to gas," said Newsom.
"Inflated costs for everyday necessities have forced many to cut corners or make impossible choices, and pain at the pump has been compounded by the return of the commute for many Californians" said State Controller and Franchise Tax Board Chair Betty T. Yee.
According to the governor's office, payments will range from $400 to $1,050 for couples who filed their taxes jointly and $200 to $700 for all other individuals depending on their income and whether they claimed a dependent.
State officials say an estimated 8 million payments will be directly deposited into bank accounts starting Friday through November 14.
Another 10 million payments will be delivered in the form of debit cards from Oct. 25 to Jan. 15.
In total, California will be paying out about $9.5 billion.
To determine your eligibility and get an estimate on your refund, residents can visit taxrefund.ca.gov.
