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California's Middle-Class Tax Refund: Do You Qualify for a Check?

California's Middle-Class Tax Refund: Do You Qualify for a Check?

What's happening

California has announced a one-time "middle-class tax refund" that will provide 23 million taxpayers with between $200 and $1,050.

Why it matters

California's economy is the largest in the US. The inflation relief payments are a compromise between Gov. Gavin Newsom and state lawmakers.

Starting this fall, California will send one-time inflation-relief checks to taxpayers. Through the Middle Class Tax Refund, eligible families will receive a one-time payment of as much as $1,050, depending on their income, filing status and household size.

The $9.5 billion in refunds is part of a larger $12 billion relief plan approved by Democratic Gov. Gavin Newsom and state lawmakers in June.

"California's budget addresses the state's most pressing needs, and prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices of everything from gas to groceries," Newsom said in a statement.

Here's what you need to know about California's inflation relief checks, including who is eligible for the money, how much they'll get and when they can expect to receive it. 

California is just one of numerous states offering residents stimulus payments. Find out which are issuing tax refunds and which are pausing their gas tax and sales tax.

Who qualifies for the California tax rebate check?

The refund plan has been set up in three tiers, based on the adjusted gross income on your 2020 California state tax return.

• Single taxpayers who earned less than $75,000 and couples who filed jointly and made less than $150,000 will receive $350 per taxpayer and another flat $350 if they have any dependents. A married couple with children, therefore, could receive as much as $1,050. This is the largest bracket, KCRA reported, representing about 82% of beneficiaries.
• Individual filers who made between $75,000 and $125,000 -- and couples who earned between $150,000 and $250,000 -- will receive $250 per taxpayer, plus another $250 if they have any dependents. A family with any children could receive $750.
  
• Individual filers who earned between $125,000 and $250,000 and couples who earned between $250,000 and $500,000 would receive $200 each. A family with children in this bracket could receive a maximum of $600.
  

Although single taxpayers who earned more than $250,000 and couples who made more than a combined $500,000 in 2020 aren't eligible, the Middle Class Tax Refund is expected to benefit 23 million Californians in all.

You can estimate your payment with the Franchise Tax Board website calculator.

What are the requirements for the tax rebate?

In addition to meeting income requirements, residents must have filed their 2020 tax refund by Oct. 15, 2021, have lived in the state for at least half of the 2020 tax year and still be a California resident on the date the payment is issued. 

They also cannot have been claimed as dependents in the 2020 tax year. 

When will the California tax rebate payments go out?

According to the  Franchise Tax Board, the payments will start going out in October and the last ones should be received in the middle of January 2023.  

How will California taxpayers receive their rebate payments?

If you filed your 2020 California state tax return electronically and requested a direct deposit for your refund, you will receive the tax rebate as a direct deposit, as well. 

Otherwise, you should receive your payment on a debit card. 

What if I didn't file a 2020 California tax return?

Most Californians who didn't file a complete 2020 tax return by Oct. 15, 2021, aren't eligible for the rebate. (The exception is for those who applied for an Individual Taxpayer Identification Number, or ITIN, and had not received it by Oct 15, 2021.)

In addition to the tax rebate, the state is increasing funding for several social programs, including the Supplemental Security Income/State Supplementary Payment, which assists more than 1 million seniors and disabled people. SSI/SSPbenefits will increase by about $39 per month for individuals and by $100 per month for couples.

There are also increases to California Work Opportunity and Responsibility to Kids, aka CalWORKS grants, which provide money and services to eligible families with children. Grant recipients could see their benefits increase as much as $194 a month, KCRA reported.

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Child Tax Credit 2022: How Much Money Could You Get From Your State?

Child Tax Credit 2022: How Much Money Could You Get From Your State?

Around 16 states are making plans to send families more relief between this year and 2023, since another child tax credit bill is unlikely to be passed into law by Congress. An attempt to include a child tax credit in the Inflation Reduction Act was quickly rejected with a vote of 97 to 1. Parents haven't received a monthly child tax credit payment since December, and their final check was disbursed with their tax returns this year.

While there's no plan to reinstate the child tax credit payments at a federal level, there is a Republican Senate proposal that would send up to $350 per child and includes a work requirement. For now, it's up to the states to decide if they'll provide money to families in need. Out of the 16 states planning to enact a state child tax credit or offer deductions for households with children, only Maryland is pending governor approval, with no action taken so far. 

Check below to see if your state is offering (or planning to offer) child tax credit relief, as well as eligibility requirements for your state. For more, see if your state is sending gas rebate checks or stimulus money in the form of inflation-relief checks or tax rebates.

These are the current states planning to send child tax credit checks to families. Note that not all are fully refundable, which means you may need an income to receive the full amount owed to you.

California: Families who earn less than $25,000 are eligible to receive $1,000, either as a reduced state tax bill or refund. Those earning between $25,000 and $30,000 would receive a reduced credit. The credit is only available for children under age 6 and the family must qualify for the California Earned Income Tax Credit.

Colorado: Starting in January 2023, families with incomes of $75,000 or less ($85,000 for married taxpayers filing jointly) could get 5% to 30% of the federal credit for each qualifying child. This credit is only available for children under age 6.

Connecticut: Eligible families can now apply for a one-time tax rebate to receive $250 for each child under age 18. The rebate caps at $750 for three kids. Here's who qualifies (PDF): couples filing jointly who made $200,000 or less in 2021, single filers who earned $100,000 or less and heads of households who earned $160,000 or less.

Florida: Nearly 59,000 families in Florida will receive $450 per child, but it's unclear at this time who is eligible. Foster families can also receive this relief money. 

Georgia: In response to its decision to ban abortion access in the state, Georgia will now let taxpayers claim their unborn fetuses as dependents on their tax returns. Taxpayers can get up to $3,000 for the 2022 tax year if they've got an unborn child with a detectable heartbeat between July 20 and Dec. 31.

Idaho: Families could be eligible to get $205 for each qualifying child with Idaho's nonrefundable child tax credit.

Maine: Resident taxpayers are eligible to claim $300 for each qualifying child and dependent under the dependent exemption tax credit. Qualifying children and dependents are the same as those who were claimed under the federal child tax credit.

Maryland: Those who make $6,000 or less could get a $500 refundable tax credit for each qualifying child, under a bill pending approval by Gov. Larry Hogan. 

Massachusetts: Families are eligible to receive $180 for one dependent or $360 for multiple dependents. To qualify, dependents must be under 12 years old.

New Jersey: The newly passed New Jersey Child Tax Credit Program gives families with an income of $30,000 or less a refundable $500 tax credit for each child under 6 years old. Households earning up to $80,000 could qualify for $300. 

New Mexico: Families could be eligible for $25 to $175 per qualifying child (PDF), depending on income, beginning in the 2023 tax year and continuing through the 2031 tax year.

New York: Eligible families can either claim 33% of the federal child tax credit and federal additional child tax credit for qualifying children or $100 for each qualifying child.

North Carolina: Taxpayers can receive a deduction of up to $2,500 for each qualifying child, depending on income and filing status.

Oklahoma: Households with an income less than $100,000 are eligible to get 5% of the federal child tax credit (PDF).

Rhode Island: Families could receive child tax credit rebates for up to $250 per child under age 18, maxing out at three kids. Eligibility caps at $100,000 income for a single filer household, or $200,000 for joint filers. These checks will be automatically issued to those who are eligible beginning in October.

Vermont: Households with an income less than $125,000 are eligible for $1,000 per child age 5 and younger.

For more, here's how to save money on gas and what to do if you lose your job.

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California's Middle-Class Tax Refund: Do You Qualify for a Check?

California's Middle-Class Tax Refund: Do You Qualify for a Check?

What's happening

California has announced a one-time "middle-class tax refund" that will provide 23 million taxpayers with between $200 and $1,050.

Why it matters

California's economy is the largest in the US. The inflation relief payments are a compromise between Gov. Gavin Newsom and state lawmakers.

Starting this fall, California will send one-time inflation-relief checks to taxpayers. Through the Middle Class Tax Refund, eligible families will receive a one-time payment of as much as $1,050, depending on their income, filing status and household size.

The $9.5 billion in refunds is part of a larger $12 billion relief plan approved by Democratic Gov. Gavin Newsom and state lawmakers in June.

"California's budget addresses the state's most pressing needs, and prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices of everything from gas to groceries," Newsom said in a statement.

Here's what you need to know about California's inflation relief checks, including who is eligible for the money, how much they'll get and when they can expect to receive it. 

California is just one of numerous states offering residents stimulus payments. Find out which are issuing tax refunds and which are pausing their gas tax and sales tax.

Who qualifies for the California tax rebate check?

The refund plan has been set up in three tiers, based on the adjusted gross income on your 2020 California state tax return.

• Single taxpayers who earned less than $75,000 and couples who filed jointly and made less than $150,000 will receive $350 per taxpayer and another flat $350 if they have any dependents. A married couple with children, therefore, could receive as much as $1,050. This is the largest bracket, KCRA reported, representing about 82% of beneficiaries.
• Individual filers who made between $75,000 and $125,000 -- and couples who earned between $150,000 and $250,000 -- will receive $250 per taxpayer, plus another $250 if they have any dependents. A family with any children could receive $750.
  
• Individual filers who earned between $125,000 and $250,000 and couples who earned between $250,000 and $500,000 would receive $200 each. A family with children in this bracket could receive a maximum of $600.
  

Although single taxpayers who earned more than $250,000 and couples who made more than a combined $500,000 in 2020 aren't eligible, the Middle Class Tax Refund is expected to benefit 23 million Californians in all.

You can estimate your payment with the Franchise Tax Board website calculator.

What are the requirements for the tax rebate?

In addition to meeting income requirements, residents must have filed their 2020 tax refund by Oct. 15, 2021, have lived in the state for at least half of the 2020 tax year and still be a California resident on the date the payment is issued. 

They also cannot have been claimed as dependents in the 2020 tax year. 

When will the California tax rebate payments go out?

According to the  Franchise Tax Board, the payments will start going out in October and the last ones should be received in the middle of January 2023.  

How will California taxpayers receive their rebate payments?

If you filed your 2020 California state tax return electronically and requested a direct deposit for your refund, you will receive the tax rebate as a direct deposit, as well. 

Otherwise, you should receive your payment on a debit card. 

What if I didn't file a 2020 California tax return?

Most Californians who didn't file a complete 2020 tax return by Oct. 15, 2021, aren't eligible for the rebate. (The exception is for those who applied for an Individual Taxpayer Identification Number, or ITIN, and had not received it by Oct 15, 2021.)

In addition to the tax rebate, the state is increasing funding for several social programs, including the Supplemental Security Income/State Supplementary Payment, which assists more than 1 million seniors and disabled people. SSI/SSPbenefits will increase by about $39 per month for individuals and by $100 per month for couples.

There are also increases to California Work Opportunity and Responsibility to Kids, aka CalWORKS grants, which provide money and services to eligible families with children. Grant recipients could see their benefits increase as much as $194 a month, KCRA reported.

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Source

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Child Tax Credit 2022: How Much Money Could You Get From Your State?

Child Tax Credit 2022: How Much Money Could You Get From Your State?

Around 16 states are making plans to send families more relief between this year and 2023, since another child tax credit bill is unlikely to be passed into law by Congress. An attempt to include a child tax credit in the Inflation Reduction Act was quickly rejected with a vote of 97 to 1. Parents haven't received a monthly child tax credit payment since December, and their final check was disbursed with their tax returns this year.

While there's no plan to reinstate the child tax credit payments at a federal level, there is a Republican Senate proposal that would send up to $350 per child and includes a work requirement. For now, it's up to the states to decide if they'll provide money to families in need. Out of the 16 states planning to enact a state child tax credit or offer deductions for households with children, only Maryland is pending governor approval, with no action taken so far. 

Check below to see if your state is offering (or planning to offer) child tax credit relief, as well as eligibility requirements for your state. For more, see if your state is sending gas rebate checks or stimulus money in the form of inflation-relief checks or tax rebates.

These are the current states planning to send child tax credit checks to families. Note that not all are fully refundable, which means you may need an income to receive the full amount owed to you.

California: Families who earn less than $25,000 are eligible to receive $1,000, either as a reduced state tax bill or refund. Those earning between $25,000 and $30,000 would receive a reduced credit. The credit is only available for children under age 6 and the family must qualify for the California Earned Income Tax Credit.

Colorado: Starting in January 2023, families with incomes of $75,000 or less ($85,000 for married taxpayers filing jointly) could get 5% to 30% of the federal credit for each qualifying child. This credit is only available for children under age 6.

Connecticut: Eligible families can now apply for a one-time tax rebate to receive $250 for each child under age 18. The rebate caps at $750 for three kids. Here's who qualifies (PDF): couples filing jointly who made $200,000 or less in 2021, single filers who earned $100,000 or less and heads of households who earned $160,000 or less.

Florida: Nearly 59,000 families in Florida will receive $450 per child, but it's unclear at this time who is eligible. Foster families can also receive this relief money. 

Georgia: In response to its decision to ban abortion access in the state, Georgia will now let taxpayers claim their unborn fetuses as dependents on their tax returns. Taxpayers can get up to $3,000 for the 2022 tax year if they've got an unborn child with a detectable heartbeat between July 20 and Dec. 31.

Idaho: Families could be eligible to get $205 for each qualifying child with Idaho's nonrefundable child tax credit.

Maine: Resident taxpayers are eligible to claim $300 for each qualifying child and dependent under the dependent exemption tax credit. Qualifying children and dependents are the same as those who were claimed under the federal child tax credit.

Maryland: Those who make $6,000 or less could get a $500 refundable tax credit for each qualifying child, under a bill pending approval by Gov. Larry Hogan. 

Massachusetts: Families are eligible to receive $180 for one dependent or $360 for multiple dependents. To qualify, dependents must be under 12 years old.

New Jersey: The newly passed New Jersey Child Tax Credit Program gives families with an income of $30,000 or less a refundable $500 tax credit for each child under 6 years old. Households earning up to $80,000 could qualify for $300. 

New Mexico: Families could be eligible for $25 to $175 per qualifying child (PDF), depending on income, beginning in the 2023 tax year and continuing through the 2031 tax year.

New York: Eligible families can either claim 33% of the federal child tax credit and federal additional child tax credit for qualifying children or $100 for each qualifying child.

North Carolina: Taxpayers can receive a deduction of up to $2,500 for each qualifying child, depending on income and filing status.

Oklahoma: Households with an income less than $100,000 are eligible to get 5% of the federal child tax credit (PDF).

Rhode Island: Families could receive child tax credit rebates for up to $250 per child under age 18, maxing out at three kids. Eligibility caps at $100,000 income for a single filer household, or $200,000 for joint filers. These checks will be automatically issued to those who are eligible beginning in October.

Vermont: Households with an income less than $125,000 are eligible for $1,000 per child age 5 and younger.

For more, here's how to save money on gas and what to do if you lose your job.

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