Billions of dollars in middle-class tax refund payments are going out to Californians starting on Friday, October 7.
Last year’s nationwide wave of stimulus payments may have ended, but that doesn’t mean such cash infusions still aren’t going out to taxpayers in certain parts of the US. In fact, middle-class tax refunds totaling some $9.5 billion are set to go out in one state starting tomorrow,What’s happening
? The state of California is set to begin distributing tax refunds of up to $1,050 to millions of residents, under the largest such program in the state’s history.? The payments will range from $400 to $1,050 for couples who file joint tax returns .
“As the holidays approach, my team members are thrilled to be able to get these payments into the hands of those who have been struggling, so they can enjoy a measure of relief.”? Approximately 8 million direct deposit payments will start landing in bank accounts on October 7, continuing through November 14. An estimated 10 million prepaid debit cards are also going out from October 25 through January 15.
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