The Middle Class Tax Refund is a one-time payment provided by the state of California, which posted a record-high surplus of $97 billion this year. California is issuing payments to eligible residents automatically between October 2022 and January 2023 according to recent publications by the State of California Franchise Tax Board.
The following criteria should be met to be eligible for the refund payment according to the State of California Franchise Tax Board,
- Filed your 2020 tax return by October 15, 2021 [i]
- Meet the California adjusted gross income (CA AGI) limits described in the What you may receive section
- Were not eligible to be claimed as a dependent in the 2020 tax year
- Were a California resident for six months or more of the 2020 tax year
- Are a California resident on the date the payment is issued
Issued rebates are from $200 and up to $1050 depending on an individual or household income. Californians eligible for the rebate can receive MCTR payments either by direct deposit or debit card.
Detailed information about eligibility for the rebate, rebate brackets and online tax refund estimator is available on the State of California Franchise Tax Board website
Middle Class Tax Refund