California extends payment for Middle Class Tax Refunds to February

Published on

California extends payments for Middle Class Tax Refunds to February
Photo credit: Money Network

STATEWIDE – California has extended its timeframe for issuing payments for the Middle Class Tax Refund (MCTR), a one-time payment to provide rising cost relief to Californians. The state expects to continue sending payments until mid-February.

The Franchise Tax Board last updated their website January 10 with the latest stats on the refund.

More than 30 million Californians have received refunds up to $1,050 depending upon filing and dependent status

According to the site, the state will start sending payments to debit card recipients whose address has changed since filing their 2020 tax return January 30. The payments will continue until February 14.

Direct deposits will continue until January 14 for recipients who changed their banking information since filing their 2020 tax return.

The site says to allow up to two weeks from the issued date to receive the debit card by mail.

This will finish off the remaining $1.5 billion in payments.

California extends payments for Middle Class Tax Refunds to February
Photo credit: CA Franchise Tax Board

RELATED: $8 billion in Middle Class Tax Refunds issued to Californians so far 

Debit Card Refunds

The state has issued 7 million direct deposits and partnered with Money Network to provide 9 million debit cards to Californians. 

The MCTR debit card is pre-loaded with the refund money. Once a recipient activates the card, it can be used to make direct payments or cash withdrawals. A MCTR debit card Frequently Asked Questions (FAQ) section can be found on the Franchise Tax Board website.

For more information about the Middle Class Tax Refund and debit card visit https://www.ftb.ca.gov/about-ftb/newsroom/middle-class-tax-refund/index.html?WT.ac=Global_banner_MCTR

spot_img

Latest articles

Mojave Water Agency offering up to $91,979 for Water Resources Specialist and other jobs

APPLE VALLEY – The Mojave Water Agency (MWA), a regional water provider, is offering...

CA lawmakers approve eviction protection to regulate landlords who circumvent rent increase laws

CALIFORNIA – The California Legislature approved SB 567 – Homelessness Prevention Act, Thursday, that...

Small Business grants up to $10,000 with applications coming due

NATIONWIDE – Small business grants help entrepreneurs start and grow their businesses. This in...

500,000 California fast food workers to get $20 minimum wage in 2024

CALIFORNIA – A deal, announced Monday, between labor unions and the restaurant industry, would...
Powered by Foreclosure.com

More like this

Small Business grants up to $10,000 with applications coming due

NATIONWIDE – Small business grants help entrepreneurs start and grow their businesses. This in...

CA bill would allow homeowners to sell ADU as condominium

CALIFORNIA – Pending legislation Assembly Bill 1033 would allow homeowners with an accessory dwelling...

Report says $80,013 living wage is required to live in California

CALIFORNIA – A GoBankingRates report, published last month, says Californians need to earn $80,013...