If the FTB has your banking information, usually because you had a regular tax refund deposited into a bank account, you will get a direct deposit into that account. If the FTB doesn’t have your banking information, you will receive a debit card. The payments are similar to the stimulus checks sent by the federal government in that they are based on income, tax-filing status and household size. About 23 million California residents will receive «inflation relief» checks of up to $1,050 after Governor Gavin Newsom on Thursday signed a $308 billion state budget that includes the payments. Direct deposits will be sent to residents who e-filed their 2020 state returns and received a refund from the state by direct deposit.

The refund amount will be based on the adjusted gross income reported on your 2020 California tax return. It can be found on line 17 of your 2020 Form 540 or Line 16 of Form 540 2EZ. State officials stress the need to file your taxes to get your California stimulus — you won’t get a check without it. Generally, households earning up to $75,000 in adjusted gross income will qualify for some state stimulus.

Golden State Stimulus I

A couple in that income category will receive $700 if they have no dependents. Approximately 23 million taxpaying California residents are eligible to receive the payments, https://turbo-tax.org/ with smaller payments going to higher earners. Millions of qualifying Californians will receive up to $1,050 as part of the state’s Middle Class Tax Refund program.

Now, with California overflowing in tax revenue from its wealthiest residents and federal relief dollars, he wants to send the payments to California’s middle class. For anyone who has not yet received their payment, the CFTB will provide the next update on the payment process by 22 February 2023. But the one-time payment is ONLY made to qualifying people who file a 2020 tax return.

How will I receive my payment?

As of early May, the state’s tax agency had distributed 2.5 million payments worth $1.6 billion, with more payments pending. The agency estimated that it had received around 3.3 million eligible tax returns, including around 470,000 undocumented tax filers. He noted that through early May, about 11.5 million 2020 tax returns had received Golden State stimulus payments totaling $8.9 billion. Payments that were made as direct deposits were issued a while ago because they were sent first. And although Californians who were scheduled to receive debit card payments in the mail had to wait a little longer, the state says that it has issued most of those debit cards. The second round of stimulus checks for California residents was part of Gov. Gavin Newsom’s $100 billion budget that he signed into law in July.

California stimulus payments have been paid via direct deposit or debit card. If you filed your 2020 California tax return electronically, and received a California tax refund by direct deposit, then you generally also should have received your stimulus payment by direct deposit. The checks are part of a $17 billion relief package that will also suspend the state’s sales tax on diesel fuel and provide additional aid to help people with rent and utility https://turbo-tax.org/california-stimulus-check/ bills, Newsom said in a statement. The inflation-relief checks are tax refunds that will send a total of $9.5 billion back to state residents. Generally, direct deposit payments will be made to eligible taxpayers who e-filed their 2020 CA tax return and received their CA tax refund by direct deposit. The remaining eligible taxpayers will receive their payments in the form of a debit card, according to the California Franchise Tax Board website.

Do I qualify?

Debit cards are being delivered in envelopes that clearly indicate the mail isn’t a bill or advertisement in the hope that recipients won’t mistakenly throw them in the trash. As of November 4, 6 million direct deposit payments had been issued, and 1.6 million debit card payments had been sent, totaling $4.1 billion. Refund amounts are tiered into AGI income brackets, with bigger payments going to those who make less money. Single filers earning up to $250,000 and couples who made up to $500,000 qualify for at least a partial payment. The top level rebate of up to $1,050 is possible for married couples with multiple dependents who earn less than $150,000 per year.

• The state notes that if you aren’t getting a refund, you probably didn’t provide bank account information for a direct deposit.
• That’s why most eligible residents should have received their cards by the end of January, while other debit cards issued in the final batch may arrive around February 14.
• Both required people to file a 2020 tax return, but “the target populations are very different,” Palmer said.
• Newsom and state lawmakers reached a deal for the refunds back in June, when gas prices were shattering records at or above $7 a gallon.
• Here are some questions and answers about the refunds and how they compare to the Golden State Stimulus payments the state authorized last year.

Previous GSS debit card recipients with last names beginning with N to V, were issued a stimulus debit card between November 20 and December 3. And debit cards were sent to people with last names starting with W to Z, from December 4 to 10. Direct deposit payments to people who previously received GSS direct deposit payments began on October 7, 2022. Most other people who are eligible for a payment will soon receive (or should have already received) a debit card in the mail for the appropriate amount.

The governor says it should cover 78% of California taxpayers and will benefit two in three Californians. Checks will be sent via direct deposit or debit card by late October, per a Newsom administration official, as reported by the Sacramento NBC affiliate TV station KCRA. The most generous amount — $1,050 — goes to married couples who file jointly with $150,000 or less in income and a dependent.