The Golden State will send tax refunds to about 23 million Californians starting Friday to help them navigate the rising costs due to inflation. Payments will arrive in several ways starting Friday, including direct deposits to roughly 8 million bank accounts for those who e-filed their 2020 state income tax return. An additional 10 million payments will be mailed on debit cards to California residents. Eligible residents will need to have filed their 2020 tax return by Oct. 15, 2021, meet the state’s adjusted gross income limits and not have been claimed as a dependent in 2020. The state estimates 18 million payments will be sent out to help Californians weather inflationary prices.

Source: Los Angeles Times October 08, 2022 08:35 UTC