The inhabitants of the state of Californiawestern United States, still can claim money as part of the Middle Class Tax Refund (MCTR) program until June 1, when legislators will transfer the money to the General Fund.
Given the foreseeable inflation that was going to drastically affect the economy of middle class families in 2022, The state launched the MCTR program to mitigate the difference and the economic damage they could suffer. However, in 2024 there is still a large portion of money that the inhabitants did not receive.
Thus, the California Franchise Tax Board sent millions of people a prepaid debit card to receive money, or deposited money directly into their bank accounts. A year after launch, the aid program began to weaken and, with more than $360,000,000 unclaimed, the state would move the sum to the General Fund to be used by legislators, according to reports. Telemundo.
Among the conditions for receiving the money, the Franchise Tax Board determined that individuals are eligible if they meet the following requirements:
- You filed your 2020 tax return by October 15, 2021
- Meet the California Adjusted Gross Income (CA AGI) limits described in the What You Can Receive section of the California Franchise Tax Board official website
- They were not eligible to be claimed as dependents in the 2020 tax year
- You were a resident of California for six months or more of the 2020 tax year
- You are a California resident on the date the payment is issued
How and when will you receive payment from the state of California?
To receive payment, the state sent debit cards to most people, however, others received or will receive their payment via direct deposit. Although most of the payments have already been made, There is an abundant amount that was not sent.
According to the agency’s official website, direct deposit payments will be made to eligible taxpayers that e-filed your tax return of CA 2020. In that regard, the Franchise Tax Board clarifies that MCTR debit card payments will be mailed to the remaining eligible taxpayers.
Besides, if you think you are eligible to receive a payment and you have not received it before February 14, 2023, you must call the customer service number listed in the contact information section of the website mentioned above.
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