Timeline Of CA Inflation Relief Payments; 15.8M Payments Unprocessed

CALIFORNIA — The Golden State has already distributed swaths of inflation relief payments to residents. Of the millions still waiting, more payments are expected to start hitting bank accounts on Tuesday.

The first round went out on Oct.7, granting millions of Californians payments that range in size from $200 to $1,050, according to the California Franchise Tax Board. A second batch will be sent out Tuesday in debit card form.

Those who received a Golden State Stimulus payment last year whose names also start with letters A through E will receive payments first. All eligible Californians should have their payments by Jan. 14, 2023.

Here's a timeline of when payments will be sent out:

• Last name beginning with A – E - Oct. 24 - Nov. 5
• Last name beginning with F – M - Nov. 6 - Nov. 19
• Last name beginning with N – V - Nov. 20 - Dec. 3
• Last name beginning with W – Z - Dec. 4 - Dec. 10

The state's Middle-Class Tax Refund — which was approved as part of a 2022-2023 state budget surplus — is expected to hand out payments to more than 20 million Californians. As of Friday, the state had issued nearly 4.2 million direct deposit payments, the FTB told Patch. Around 15.8 million payments still need to be processed and sent out.

The funds will continue hitting bank accounts between October and January 2023. Payments will be issued either on a debit card or through direct deposit. Those who filed their taxes online can expect a direct deposit.

Under Gov. Gavin Newsom's proposal, the state is sending out an estimated $9.5 billion to Golden Staters. The rebate was made possible by another historic state budget surplus.

READ MORE: Newsom Targets 6 Issues To Fund With Record $97.5B Budget Surplus

Who Is Getting A Rebate?

To receive this rebate, residents must have completed a 2020 California tax return by Oct. 15, 2021. Recipients must have been a California resident for six months or more during the 2020 tax year and must be a resident on the date that payment is issued.

Recipients also must not have been eligible to be claimed as a dependent in the 2020 tax year.

Determine your eligibility here.

How Much Will I Get?

Single filers who make under $75,000 per year will get $350, joint filers with a combined income of under $150,000 will get $350 each and those with dependents will also receive an additional $350.

Anyone who makes more than $125,000 but less than $250,000 individually will be given $200. Another $200 will be given for any dependents.

Payments will not be given to single filers who make more than $250,000 a year or to joint filers who make more than $500,000.

Estimate your amount using this tool.