California issues $5 billion in inflation relief money so far.

In a little over a month, California has rolled out more than $5 billion in inflation relief money to eligible taxpayers expecting either direct deposits or debit cards of up to $1,050.

The Franchise Tax Board has distributed, according to its website, more than 6.7 million direct deposits and more than 2.5 million debit cards across the state since Oct. 7.

The majority of the direct deposits have been issued & the last few qualifying taxpayers can expect to see payments hit their accounts by Nov. 22.

If you should have gotten a direct deposit sooner, first check if you e-filed your 2020 tax return & received your refund. Then, consult your 2020 California Tax Return to re-verify eligibility.

Excluding holidays & weekends, the tax board typically mails out anywhere from 150k to 200k debit cards per day to eligible recipients. Debit cards began rolling out on Oct. 24 up till Jan. 14.

Eligible Californian taxpayers who changed their banking information since filing their 2020 tax returns should expect a debit card to be mailed out between Dec. 17 and Jan. 14.

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