Inflation relief debit cards will begin shipping to Californians today

Debit cards with inflation relief payments will be mailed to millions of Californians starting Monday and should be arriving in mailboxes in the next few weeks to ease the pain of increased prices.

California’s Middle Class Tax Refund program aims to soften the blow of rising inflation with a one-time payment ranging from $400 to $1,050 for couples who filed their 2020 state income taxes together, and from $200 to $700 for those who submitted independently.

Eligible residents must file their 2020 tax returns by October 10th. 15, 2021, meet the state’s adjusted gross income limits and were not claimed as a dependent in 2020. Individuals must also have resided in California for six months or more in 2020 and be a California resident at the time of payment.

According to the California Franchise Tax Board, approximately 4.2 million Californians who electronically filed their 2020 income tax returns have already received their payments. The majority of all direct deposits will arrive by November, but additional direct deposits will be delivered from October. 28 Nov 14

Debit cards are sent from Monday to November. 5 for those who filed their 2020 income tax on a paper form, received their Golden State Stimulus payment by check last year, and whose last names begin with the letters A through E. The debit card payments are then sent to people whose last names start with F through Z.

The debit cards are mailed by the California Franchise Tax Board in partnership with Money Network, and once people receive these cards, they can call (800) 240-0223 to activate them and use them anywhere Visa debit cards are accepted , according to state officials .

Anyone who made a direct deposit in 2020 but has since changed their bank details can expect to wait a bit longer for their payment, with an estimated arrival window of between 17/30 – 14/1.

“We know it’s expensive right now, and California is putting money back in your pockets to help. We’re sending over a thousand dollars worth of refunds to help families pay for everything from groceries to gas,” Gov said. Gavin Newsom said in a written statement when the program was launched.

The average cost of a gallon of gasoline in California is $5.75, about 7 cents more than a month ago and $1.21 more than last year, according to data from American Automobile Assn. State gas prices peaked this summer when a standard gallon of gasoline cost $6.43, AAA said.

The state estimates that 18 million payments will be made to help Californians weather inflationary prices. The entire program costs $9.5 billion and comes as stubborn inflationary prices in the United States refuse to budge. The latest report from the US Bureau of Labor Statistics says all commodities are up 8.2% year-on-year.

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