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The 18 million total payments, which equal $9.5 billion, represent the largest relief program of its kind in California state history. In a press release issued the day before the first MCTR ...
Some states have issued stimulus relief checks, such as California's Middle Class Tax Refund (MCTR) payment. But whether these are taxable or not is unclear and is creating a lot of confusion ...
Another reason California’s payments could be taxable on the federal level is that high-income individuals also qualified for the checks. Joint filers earning up to $500,000 received as much as ...
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...
How and When MCTR Payments Will Be Made. First, Californians who received Golden State Stimulus (GSS) I or II are expected to receive MCTR direct deposit payments between Oct. 7, 2022, and Oct. 25 ...
State leaders in California have approved a $100-billion plan to further the economic recovery in California that includes new stimulus checks for residents, rent relief and grants to businesses.
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