Tax: everything we know so far

Californians who received Middle Class Tax Refund debit cards have until midnight tonight to use or transfer any remaining money before it expires and is return. Tax has emerged this Friday as one of the stories drawing attention in Ghana.

Key facts

• Californians who received Middle Class Tax Refund debit cards have until midnight tonight to use or transfer any remaining money before it expires and is return.
• REDDING, Calif. — Californians who received Middle Class Tax Refund debit cards have until midnight tonight to use or transfer any remaining money before it expires and is returned to the state.
• “All Middle Class Tax Refund prepaid debit card accounts, whether activated or not, will expire April 30, 2026, in accordance with the Better for Families Act of 2022,” a message on California’s Franchise Tax Board website says.
• According to the California Franchise Tax Board, more than 5 million cards still have money left on them, representing more than half of the funds.
• Do you still have a Middle Class Tax Refund debit card with unused funds?

What we know

Going deeper, REDDING, Calif.

On the substance, According to the California Franchise Tax Board, more than 5 million cards still have money left on them, representing more than half of the funds.

Beyond the headlines, Do you still have a Middle Class Tax Refund debit card with unused funds?

More precisely, About 16.8 million payments worth $9.2 billion were sent out between October 2022 and January 2023 for Californians who had filed a tax return in 2020.

It is worth noting that Taxpayers were eligible for payments that ranged from $200 to $1,050.

By the numbers

“All Middle Class Tax Refund prepaid debit card accounts, whether activated or not, will expire April 30, 2026, in accordance with the Better for Families Act of 2022,” a message on California’s Franchise Tax Board website says.

On a related note, According to the Franchise Tax Board, as of March 30, about 90% of the debit cards had been activated.

Going deeper, Taxpayers who need assistance with their MCTR debit card should contact Money Network immediately at 800-240-0223 and listen to and follow all prompts to receive the help they need," FTB spokesman Andrew LePage said.

On the substance, the state sent out $9.2 billion in inflation relief on debit cards in 2022 to help residents deal with rising costs.

The wider context

On a related note, About 9.6 million debit cards were mailed, many loaded with hundreds of dollars, but years later a large portion of that money is still sitting unused.

Going deeper, Nearly 1 million people never used their card at all, leaving about $400 million unclaimed across California.

On the substance, In the Northstate, that could mean millions of dollars still left unclaimed.

Beyond the headlines, the Middle Class Tax Refund program, also known as “inflation relief” payments, was Gov.

More precisely, those who didn’t file taxes, like seniors who depend solely on Social Security and disabled Californians, were left out.

The bottom line

• REDDING, Calif. — Californians who received Middle Class Tax Refund debit cards have until midnight tonight to use or transfer any remaining money before it expires and is returned to the state.
• The state sent out $9.2 billion in inflation relief on debit cards in 2022 to help residents deal with rising costs.
• The Middle Class Tax Refund program, also known as “inflation relief” payments, was Gov.
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