More than 23 million California residents are expected to receive a Middle-Class Tax Refund in their bank accounts or by mail starting this week. On Friday, the first batch of payments will go out.
The plan to send direct payments was passed by state legislators over the summer to help relieve the pain of recent record inflation.
But it would be months of anticipation between when the plan was announced and when people would start to see the money.
Now, Californians can see how much money they’ll receive, how they can expect to receive it, as well as a rough idea of when.
The first group to receive money will be those who received a Golden State Stimulus (GSS) payment last year by direct deposit.
The second batch of payments issued will go to Golden State Stimulus recipients who got their 2021 payments by debit card. They will also be sent a debit card by mail this time, starting on Oct. 25.
People who didn’t qualify for GSS, but do qualify for this Middle Class Tax Refund are next on the list to get paid.
Some payments may not reach eligible taxpayers until next year, the majority should get paid sooner. About 90% of payments will be issued in October & about 95% will be issued by the end of the year.