by: Alix Martichoux, Nexstar Media Wire
(NEXSTAR) – California did not send the Middle class tax refund again, but you can see how much you will receive in the meantime.
Direct payments, also calledinflation relief” payments by lawmakers, will be sent to more than 20 million starting at October. Payments will range in size from $200 to $1,050, depending on the size of your income and the number of dependents.
The Franchise Tax Board has created a calculator that allows you to estimate your payment amount by answering six questions. Click on the image below to open the FTB Middle Class Tax Refund Estimator, or visit their site here.
We’ve also created three tables that show the payment amounts for each tax filing status, income level, and number of dependents, which you can see here.
If you qualify based on the information on your 2020 tax return, you don’t have to do anything to get the money. Payment will be sent to you automatically.
California will issue the payments — also known as middle class tax refunds — in two ways: direct deposit and debit cards. Most people who filed their taxes electronically can expect direct deposit, however there are a few exceptions this could mean that you will receive a debit card in the mail.
Payments will start going out in October and most will have received their money by January 2023, according to the FTB.
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