Stimulus Check 2022 update: Check if you qualify for California’s inflation relief checks

$1,050 Stimulus Checks Are Coming: California Has a New Tax Rebate Plan
$1,050 Stimulus Checks Are Coming: California Has a New Tax Rebate Plan

There are few people who would turn down a payment of up to $1,050, and millions of Californians are about to get one in the next few months. But not everyone qualifies for the highly anticipated Middle-Class Tax Refund – also called inflation relief payments.

Here’s how to confirm you qualify before payments are issued starting in October.

Tax deadline

The inflation relief payments are based on your 2020 taxes, and in order to qualify you need to have filed your 2020 taxes by the extended deadline of Oct. 15, 2021, according to the Franchise Tax Board.

If you were late on your taxes and filed after Oct. 15, you generally do not qualify.

There’s a different deadline for some taxpayers without a social security number who file taxes using an ITIN (Individual Taxpayer Identification Number). The FTB explains, “if you applied for an Individual Taxpayer Identification Number (ITIN) but did not receive it by October 15, 2021, you must have filed your complete 2020 tax return on or before February 15, 2022.”

Residency status

Think back on 2020: Were you a California resident for at least six months of the year? Are you still a California resident now, and will you still be a state resident in October 2022? You need to answer yes to all those questions to collect the free money.

Dependency status

If you were eligible to be claimed as a dependent in the 2020 tax year, you are disqualified from the tax refund. This requirement could knock out young adults who may be on their own now, but were still dependents two years ago.

Stimulus payment 2022: Direct $200 tax refund checks hitting bank accounts for millions now

Income threshold

The highest-earning Californians are not able to collect on this inflation relief program. For individual filers, the income limit is $250,000. For couples filing jointly, heads of household or surviving spouses, the limit is $500,000.

If your adjusted gross income was $250,001 or higher as an individual, or $500,001 or higher as a couple, you won’t be getting a direct payment.

Remember, while the payments are going out in late 2022, they are based on 2020 taxes, so you’ll need to check those tax forms to see if you qualify. The number you’re looking for should be listed as “CA AGI” – or California Adjusted Gross Income.

If you meet all four of the above requirements, you qualify for at least some portion of the Middle Class Tax Refund. The smallest payment possible is $200, while the largest is $1,050.

Payments will be issued by direct deposit or debit cards. The state is expected to start issuing the payments in late October and complete most payments by January 2023.

Source :

The Benefits Of Personalized Labels For Your Business
About Elijah Lucas 178 Articles
Elijah has done a Master in Computer Science. Elijah is a passionate blogger, technology lover, plays chess, is innovative, likes to express their views via the blog, and is a music lover. Elijah has been blogging since 2011 and has contributed several excellent articles to the internet.

Be the first to comment

Leave a Reply

Your email address will not be published.


*