WebIs my Middle Class Tax Refund Taxable on my federal return? As of 2/10/2024 the IRS has changed their guidance on these state tax refunds including the California Middle … WebSep 30, 2024 · More about the California Middle Class Tax Refund payment Determine your eligibility You must be a California resident on the date this payment is issued and for six months or more of the 2024 tax …
1099-Misc Middle Class Tax Refund - ttlc.intuit.com
WebJan 19, 2024 · The Middle Class Tax Refund payment is not taxable for California state income tax purposes. However, the MCTR payments may be considered federal income. … WebFeb 7, 2024 · David Nadelle. According to the California Franchise Tax Board (FTB) site, the state has already issued $7,508,156,450 billion in Middle Class Tax Refunds (MCTR) — 6,956,431 payments via direct deposit and 6,856,281 in debit cards. However, some Californians have thrown out or destroyed debit cards after receiving them, mistaking … how do i play a swf file on my computer
Still haven’t received your inflation relief money? California …
WebFeb 6, 2024 · The system updated days later and Bill said he was able to submit his tax return—at which point he was taxed $160 on his $700 MCTR payment. He noted that his son, also using TurboTax, was not taxed. WebFeb 13, 2024 · Here are two paths to escape the voice prompts and potentially get a real person on the phone. Path 1: Call 800-542-9332. Choose 1 for English/2 for Spanish. Listen to the approximately 1-minute ... The Middle Class Tax Refund (MCTR) is a one-time payment to provide relief to Californians. If you are eligible, you will automatically receive a payment. Payments are expected to be issued between October 2024 and January 2024. For questions or to activate your card, visit the Contact information on this page. See more You are eligible if you: 1. Filed your 2024 tax return by October 15, 2024 [i] 2. Meet the California adjusted gross income (CA AGI) limits described in the What you may receivesection 3. … See more Refer to the tables below to determine your payment amount. For your CA AGI, go to: 1. Line 17 on your 2024 Form 540 2. Line 16 on your 2024 … See more Californians will receive their MCTR payment by direct deposit or debit card. Generally, direct deposit payments will be made to eligible … See more The majority of MCTR payments have been issued; however, some payments require additional review and may be issued later than the payment date listed. If you believe you … See more how much money do foster parents get in ga