California began rolling out inflation support money last month and so far has distributed more than $4 billion to over 6 million eligible Californians via direct deposits and debit cards.
Although the majority of direct deposits have already been spent, the remaining direct deposits are likely to hit bank accounts some time later this week. If you were also expecting a direct deposit California inflation relief check but haven’t received it yet, here’s what you need to know.
Didn’t get the California Inflation Relief Check? What to do
According to the California Franchise Tax Board (FTB), it has issued more than 6.7 million direct deposits and more than 2.5 million debit cards since Oct. 7. The FTB has already spent most of the direct deposits.
California’s inflation relief check (officially called the Middle Class Tax Refund) is expected to hit the bank accounts of remaining taxpayers by Nov. 22, according to The Bee.
If you think you should have received the direct deposit already, here’s what you need to do. First, you should check if your 2020 tax refund was paid by direct deposit or postal check. If you submitted your 2020 CA tax return electronically, you will also receive it by direct deposit.
If you received the refund via direct deposit, verify your eligibility for the California Inflation Relief Check. To check your eligibility, visit this link. If you think you’re eligible for the relief now, you can either wait until November 22 or contact Middle Class Tax Refund Customer Service at 800-542-9332.
It must be noted that those who have changed their bank account number after filing their 2020 income tax returns electronically will not receive the relief money via direct deposit. You receive the money via a debit card. Those taxpayers can expect the relief money from December 17 through January 14.
It’s also possible that you already received the direct deposit, but somehow couldn’t find it in your bank account. The Middle Class Tax Refund will appear in your bank account with the description “FTB MCT REFUND MCT REFUND PPD”.
‘FTB’ in the description stands for Franchise Tax Board and ‘MCT REFUND’ refers to the official name of the relief fund ie ‘Middle Class Tax Refund’. The grant could range from $200 to $1,050 depending on 2020 taxpayer income, filing status and number of dependents.
When to expect the mid-range debit card tax refund
If you’re expecting your California inflation relief check to arrive via debit card, you’ll have to wait a little longer. According to the FTB, it began issuing the debit cards on October 24 and expects to send out all cards by January 14. FTB mails 150,000 to 200,000 debit cards per day, excluding holidays and weekends.
After you have been issued a debit card, it may take up to two weeks from the date of issue to receive the debit card in the mail. Exactly when you will be issued a debit card depends on whether or not you are a Golden State Stimulus recipient and the first letter of your last name.
You can visit the tax authority’s website to see the timeframe for sending debit cards.
This article originally appeared on ValueWalk
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