Middle Class Tax Refunds Are On The Way
October is here, and that means tax relief will soon be headed to most Californians' bank accounts or mailboxes. As part of the latest state budget, we included approximately $9.5 billion in tax rebates to help fight global inflation that has raised the price of essentials, like groceries. Payments will range from $200 to $1,050, depending on the California Adjusted Gross Income stated on 2020 tax forms and the number of dependents claimed. Determine eligibility and/or estimate your refund here.
The Franchise Tax Board (FTB) says direct deposits will begin next week with most eligible residents receiving their funds by mid-November. FTB will use the banking information on file when it sent out the two previous Golden State Stimulus payments. Otherwise, Middle Class Tax Refunds will be physically mailed in the form of a debit card to home addresses starting October 28 and ending by mid-January.
For those who did not file a 2020 tax return but are on Supplemental Security Income/State Supplementary Payment (SSI/SSP) for seniors, the blind or disabled, grants will increase next year, instead of 2024. Amounts will go up by $39/month for individuals or $100/month for couples.
As Assembly Budget Chair, I hope these actions help ease some of the rising costs affecting your household budgets. I'm proud that California is among 17 states providing inflation relief payments.
Assemblymember, 19th District