The State of California launched the Middle-Class Tax Refund in order to reduce the economic burden caused by the COVID-19 pandemic. This tax return program, aimed to help middle-class people and families, increases disposable income and increases regional economic activity by returning an amount of the taxpayers’ taxes.
In 2024, $1050 stimulus checks were issued to eligible recipients, providing much-needed financial relief. The MCTR supports small and cash flow dependent companies by increasing spending, avoiding bankruptcy and promoting economic stability overall. Through this article, we will provide complete details regarding $1050 Stimulus Checks, including overview, eligibility requirements, payment rates, and more.
What is the $1050 Stimulus Check?
California implemented the Middle-Class Refund initiatives in 2023 to support citizens in reducing the impact of inflation. In September, the program came to an end, but 624,000 beneficiaries, worth about $125 million, still are yet to pick up their checks. These funds, distributed through prepaid debit cards with amounts ranging from $200 to $1,050 per family, require activation.
In order to guarantee that people claim their payments before the deadline of April 30, 2026, the California Franchise Tax Board is highly encouraging beneficiaries to activate their cards and is offering improved communication and support.
Eligibility Requirements for $1050 Stimulus Check
To be eligible for the $1050 stimulus checks, individual must have to meet the following criteria:
- Individuals must have to ensure that, they have filed their tax return for the year 2020 before 15th October 2021.
- They must met the California Adjusted Gross Income limits listed on line 17 of Form 540 or line 16 of Form 540 2EZ on your 2020 tax return.
- They were not eligible to be declared a dependent for the 2020 tax year.
- Individual lived in California for six months or more during the 2020 tax year and must be reside in California the time the stimulus check was issued.
Payment Rates for Head of Household or Widow
The $1050 Stimulus payment rates for individuals based on their filing status and adjusted gross income on their 2020 tax return in California.
For those who are the head of the household or qualify as a widow, the payment with dependents starts at $700 for an AGI less than or equal to $150,000, and $350 without dependents.
For AGIs between $150,001 and $250,000, the payment decrease to $500 with dependents and $250 without. For AGIs ranging from $250,001 to $500,000, the payment is $400 with dependents and $200 without. Individuals with AGIs above $500,000 are not qualified for any payment.
Payment Rates for Single or Married
For individuals who are single or married but filed separately from their registered domestic partner, the payment structure is similar but with different income brackets. Those with an AGI of $75,000 or less receive $700 with dependents and $350 without.
For AGIs between $75,001 and $125,000, the payment is $500 with dependents and $250 without. If the AGI falls between $125,001 and $250,000, the payment is $400 with dependents and $200 without. Individuals with an AGI over $250,000 do not qualify for any payment.
How to Claim $1050 Stimulus Checks 2024
- First check that your address is up to date with the Franchise Tax Board of the State of California.
- If you need any kind of support while receiving $1050 payments, call Money Network at 800-240-0223, and they will manage the MCTR cards.
- For further help, use the automated customer helpline at 800-542-9332, available on weekdays from 8:00 a.m. to 5:00 p.m.
- Make sure to claim the benefits before the program expires on April 30, 2026, as unclaimed benefits will become inaccessible after this date.