If you have yet to receive your California inflation relief payment, it may arrive in the new year.
Final California inflation relief payment coming soon
According to the California Franchise Tax Board, all direct deposit payments from the Middle-Class Tax Refund program have been issued. And the remaining payouts will be sent as debit cards, which are expected to be mailed out by January 14.
According to the Franchise Tax Board, the eligible residents who have yet to receive their debit cards are those who received their state-issued pandemic stimulus payments through direct deposit but changed their banking information after filing their 2020 taxes.
As of Thursday, the state had issued more than 7 million direct deposits. And more than 8 million debit cards for a total of $8.4 billion. It is accounting for the majority of the $9.5 billion set aside for the tax refund program. And is designed to assist Californians with the recent rise in the cost of gasoline, groceries, and other goods.
Payments range from $200 to $1,050, depending on filing status and the number of dependents claimed.
California started sending money in early October, and direct deposits were finished by mid-November.