How many payments for the Middle Class Tax Refund have been paid?
As the Golden State experienced a second historic budget surplus, some of the revenue will be returned to taxpayers in an effort to help them combat inflation.
How many Middle-Class Tax Refunds have been sent?
The California Franchise Tax Board is making payments through direct deposit as well as sending debit cards to those whose banking information has not been obtained by the state.
So far, 6,955,276 direct deposit payments have been made, with an additional 3,592,026 debit cards mailed. Over $5.7 billion have been received by households across the state, benefiting an estimated 19.1 million people.
How many more payments need to be made?
The state does not plan to make any additional direct deposits but will continue to send pre-paid cards through the mail until at least mid-January.
The next batch of refunds will be sent to residents who received a Golden State Stimulus Check last year and whose last name begins with the letters W-Z. Those payments will be sent on 4 December and could take up to a week to land in the correct mailbox.
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