Why will October 7 be the key date for the payment of the California Inflation Relief Check?
To help residents cope with rising prices California will begin sending the Middle Class Tax Refund aka “inflation relief checks”. Here are the key dates.
Californians who are eligible to receive the Middle Class Tax Refund and get their tax refund via direct deposit should keep an eye on their bank account starting Friday. The California Franchise Tax Board (CFTB) has announced that the first batches of payments for between $200 to $1,050 will go out 7 October 2022. Those who receive their refund in the mail will have to wait a little longer.
The Golden State tax authority expects that 95 percent of all payments, both direct deposit and debit cards, will be issued before the end of year. Here are other key dates to put on your calendar.
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Key dates for California Inflation Relief Check
The Middle Class Tax Refund, which politicians are calling “inflation relief payments”, will hit bank accounts and arrive in mailboxes at different times depending on one: method of payment, and two: whether or not you received a Golden State Stimulus payment.
Californians who received a Golden State Stimulus payment (GSS I and II)
Between 7 October and 25 October 2022 the CFTB will issue direct deposit payments to residents who received a GSS I and II. Starting 25 October through 10 December 2022, the tax authority expects to mail debit cards for the tax rebate to those that received the GSS I and II.
Californians who didn’t receive a Golden State Stimulus payment (GSS I and II)
Californians that didn’t receive a Golden State Stimulus payment but are eligible for the Middle Class Tax Refund aka “inflation relief checks” will see payments issued via direct deposit between 28 October and 14 November 2022. The remaining debit cards will be mailed by 15 January 2023 and their arrival will depend on the post office.