topic California Middle Class Tax Refund in Community Chat

California Middle Class Tax Refund

Linmo — Tue, 27 Sep 2022 03:26:20 GMT

For those fellow Californians, you can expect a refund up to $1050 via direct deposit or mail depending on the number of dependants and your state adjusted gross income for 2020. The majority of refunds will be sent in October. If you google California Middle Class Tax Refund, you can see the payments for each income level.

It was originally supposed to be a gas rebate for registered drivers, but it seems that now everyone is eligible for some amount if you filed taxes and made less than a certain amount in 2020.

Re: California Middle Class Tax Refund

Kachina624 — Tue, 27 Sep 2022 03:44:05 GMT

@Linmo We got one in NM over the summer. It was $750. for a single person, double for a couple.

Re: California Middle Class Tax Refund

lgfan — Tue, 27 Sep 2022 03:44:31 GMT

I just heard about this last week. I am looking forward to getting my refund.

Re: California Middle Class Tax Refund

hckynutjohn — Tue, 27 Sep 2022 04:43:14 GMT

@Linmo

What income level in California is considered to be Middle Class?

Are these Refunds paid out of Federal or State Tax Funds?

Do Middle Class Homeowners, that also pay Property Taxes, get a higher $$$ Refund?

hckynut 🇺🇸

Re: California Middle Class Tax Refund

shoekitty — Tue, 27 Sep 2022 04:46:26 GMT

What is the maximum income for a California refund? That would be nice. We never qualify tho. I do know Jerry brown managed the money so well here we paid off debts and have a boatload in surplus we have saved. The surplus was passed to Newsom, and so far he hasn't spent it. I wonder if this is the surplus??

Re: California Middle Class Tax Refund

Linmo — Tue, 27 Sep 2022 04:56:01 GMT

@hckynutjohn @shoekitty I deliberately left the income levels out of the original post because I thought it would cause a hoopla among non-CA residents. For married and head of household residents, the AGI needs to be below $500,000. For single residents, it's below $250,000. It is being paid by the state due to a budget surplus. Property tax is not a factor.

Many folks outside of CA don't realize the housing prices and cost of living here.

Re: California Middle Class Tax Refund

hckynutjohn — Tue, 27 Sep 2022 05:00:35 GMT

@Linmo

Thank you for your reply. Reading those numbers for middle class income surprised me. Think many in our state would be considered in the upper 1%.

I understand the COL for those in California. My wife's cousin lived there for several decades. When she retired from her State Job working as a 911 and other emergency calls, she could no longer afford to live there and moved back to my state.

Thanks again, appreciate your info.

hckynut 🇺🇸

Re: California Middle Class Tax Refund

Linmo — Tue, 27 Sep 2022 05:06:43 GMT

@hckynutjohn I'm retired and DH will retire within the next few years. CA is not the best retirement state for those on a fixed income, so we'll see what happens next. Take care!

Re: California Middle Class Tax Refund

moto — Tue, 27 Sep 2022 05:11:02 GMT

@hckynutjohn wrote:
@Linmo

What income level in California is considered to be Middle Class?

Are these Refunds paid out of Federal or State Tax Funds?

Do Middle Class Homeowners, that also pay Property Taxes, get a higher $$$ Refund?

Funding is from State budget. Taxpayers would receive either $350, $250 or $200 based on their income level with an additional payment of the same amount if they have at least one dependent.

82% of the recipients are those whose AGI for 2020 was less than $75,000 single/$150,000 joint and will receive the highest amount of $350 single/$700 joint plus $350 for dependents for a maximum rebate of $1050.

Other payment amounts are on a sliding scale with maximum AGI of $250,000 single/$500,000 joint.

Re: California Middle Class Tax Refund

Tinkrbl44 — Tue, 27 Sep 2022 09:07:13 GMT

@Linmo

Oh, yes ..... Thanks for the reminder! I believe it was originally thought to be going out in July, then October seemed to be the actual date.

I never saw anything to determine order of issuance .... alphbetical order for last names ... or some other way?

I decided to just wait and see .... it's always better than discovering you owe "them" money! LOL

Re: California Middle Class Tax Refund

SilleeMee — Tue, 27 Sep 2022 11:34:44 GMT

There was a refund given in Colorado but since I don't pay state tax (seniors are exempt), I didn't get that refund. Anyone else who didn't file their state income taxes last year didn't get theirs either.

Re: California Middle Class Tax Refund

CalminHeart — Tue, 27 Sep 2022 12:36:35 GMT

My governor is sitting on several billions of dollars and is looking at welfare for 'needy' huge corporations instead of helping the working and poor classes.

Re: California Middle Class Tax Refund

cjm61 — Tue, 27 Sep 2022 13:32:50 GMT

@hckynutjohn @hckynutjohn I'm with you on that one. Retiring in California is pretty much unattainable to keep your standard of living. I won't get political but it's crazy here. Both my brothers, firefighters, recently retired and moved out of state. One to Oregon and the other to Arizona. I miss them so much but they just couldn't make it here. Way too many taxes and prices in CA are one of the highest in the nation for most everything, gas, food, electricity, etc.

Re: California Middle Class Tax Refund

coffee drinker — Tue, 27 Sep 2022 14:55:03 GMT

Call me cynical, but what some politicians will do for a vote. That money has to come from some one and I'm sure in time, the taxpayers will somehow be paying for it. Free money isn't free.

Re: California Middle Class Tax Refund

Kachina624 — Tue, 27 Sep 2022 17:21:40 GMT

@coffee drinker wrote:
Call me cynical, but what some politicians will do for a vote. That money has to come from some one and I'm sure in time, the taxpayers will somehow be paying for it. Free money isn't free.

@coffee drinker In NM, it came from big profits in oil and gas and was all state money.

Re: California Middle Class Tax Refund

SharkE — Tue, 27 Sep 2022 18:54:03 GMT

Texas never got nothing.

Re: California Middle Class Tax Refund

chrystaltree — Tue, 27 Sep 2022 19:02:54 GMT

MA is giving a tax refund too.

Re: California Middle Class Tax Refund

Tinkrbl44 — Tue, 27 Sep 2022 19:42:23 GMT

@coffee drinker wrote:
Call me cynical, but what some politicians will do for a vote. That money has to come from some one and I'm sure in time, the taxpayers will somehow be paying for it. Free money isn't free.

@coffee drinker

Well, I can't speak to the specifics of whatever state you live in, just California. CA has the 5th largest economy in the world. Larger than many countries!

There are plenty of roads and plenty of cars and "someone" has to keep those millions of miles of roads in good condition, so we pay more taxes than someone in a less densely populated area.

Also, our gas prices are just about the highest in the nation.

While I agree with "free money isn't free", what we're talking about here is the surplus ... taxpayers have already paid into it.

Since the roads are being maintained, and there's a big surplus, I think the tax refund is a very good idea, and a welcome relief to just about everyone who will receive it.

Re: California Middle Class Tax Refund

Trailrun23 — Tue, 27 Sep 2022 22:14:01 GMT

There are always some checks sent out right before an election.

Re: California Middle Class Tax Refund

50Mickey — Tue, 27 Sep 2022 22:54:24 GMT

@SilleeMee wrote:
There was a refund given in Colorado but since I don't pay state tax (seniors are exempt), I didn't get that refund. Anyone else who didn't file their state income taxes last year didn't get theirs either.

Same here in GA. All of our pensions and Social Security are exempt so we don't have to pay GA income tax. So there was nothing to refund to us. GA is very retiree friendly. I am happy others are receiving a refund of state taxes.