Inflation Relief Checks 2024 – Know Social Security Eligibility & Deposit Date

Inflation Relief Checks 2024

The “Middle-Class Tax Refund” was made possible by the California Franchise Tax Board in July 2022 because to a statute that the legislature passed to manage inflation.

In order to cope with inflation and rising petrol prices, it offered Inflation Relief Checks 2024 of up to $1,050 to single filers earning up to $250,000 and couple filers earning up to $500,000 in 2020.

Inflation Relief Checks 2024
Source: investbihar

The consumer price index revealed a significant increase in prices over the course of 40 years, rising by 9.1% between June 2021 and June 2022, according to the Bureau of Labour Statistics.

 Inflation Relief Checks Eligibility 2024

1. The applicant needs to be a resident of California at the time the payment is made and must have lived there for at least half of the tax year.

2. A person must fit into one of the tiers of California Adjusted Gross Income.

3. Income taxes must be filed by the specified deadline.

4. someone who is ineligible to receive the 2020 tax year dependant exemption claim.

Checks for Inflation Relief Method of Payment 2024

Particulars Inflation Relief Checks Amount 2024 For Married/RDP Filing Jointly Inflation Relief Checks Amount 2024 For Single/Married/RDP Filing Separately
CA AGI Reported on Tax Return With Dependents Without Dependents With Dependents Without Dependents
$150,000 or less $1050 $700 $700 $350
$150,001 to $250,000 $750 $500 $500 $250
$250,001 to $500,000 $600 $400 $400 $200
$500,001 to more Not Qualified Not Qualified Not Qualified Not Qualified

The MCTR payment will be issued to Californians either by debit card or direct deposit. Direct deposit payments will normally be made to qualified taxpayers who submitted their tax return electronically and received their CA tax refund by direct deposit.

The MCTR debit cards of the remaining eligible taxpayers will be paid via mail.

If an applicant files a paper return, their payment will be issued to them via mail as a debit card. had an exceptional equilibrium,received their Golden State Stimulus (GSS) check.

They will get a cheque for their tax refund regardless of how they filed. One will receive their tax refund directly, but their bank account number or institution will have changed in the process.

Obtain & Use Inflation Relief Debit Card

Certain taxpayers will receive payments via debit cards. Please refer to the section on How to Obtain an Inflation Relief Debit Card on the official website at for information on how debit cards are distributed.

Together with Money Network, FTB is able to accept debit card payments. View the Money Network FAQ page at for details on making purchases, withdrawals, and transfers using your debit card.

If you believe you meet the requirements but haven’t received your debit card, make sure your address is up to date with FTB. To find out how to amend your address, visit the Help for Middle-Class Tax Refunds website.

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