Stimulus Checks: 20Mn Americans To Receive Them

recession Stimulus Check
Stimulus Check

California residents are due for their Middle-Class Tax Stimulus Check Refund which will be rolling out in October.

The direct payments will range from $200 to $1,050, depending on how big your income is and the number of dependents you have.

One of the big perks of this direct payment is that Californians don’t have to do anything to receive the relief if they qualify.

The Stimulus Checks Will Be Sent As Per Their ax Returns

The stimulus check payment will be calculated and issued to residents automatically based on the information on their 2020 tax returns.

This stimulus check money will either be directly deposited into residents’ bank accounts or be put on debit cards.

Most Californians who filed their taxes electronically will probably get a direct deposit.

There are a few exceptions that will leave residents with their payment on a debit card, such as taxpayers who filed a paper return, received their 2020 tax refund by check, or had a balance due in 2020.

Other exceptions include taxpayers who received their Golden State Stimulus payment by check, who used their refund to pay their tax preparer fees, or who received an advanced refund for the 2020 tax year.

Payments will start to be issued on October 1st and most residents will receive their relief money by January of 2023, according to the Franchise Tax Board in California.

Based on a chart made by KTLA, individual tax filers will receive less money than joint tax filers.

Those who make $75,000 or less a year with at least one dependent will receive $700.

The more you make and the fewer dependents you have, the less money you will receive. 

The largest payment of $1,050 will go to joint tax filers who have at least one dependent and make $150,000 or less a year.

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