California FTB Issues Public Service Bulletin on Middle Class Income Tax Refund Payments

The California Franchise Tax Board Aug. 3 issued a public service bulletin on the 2022 middle class tax refund payments. California will provide a one-time payment of up to $1,050 to qualified recipients. To qualify, a taxpayer must: 1) have filed a 2020 individual income tax return by Oct. 15, 2021; 2) satisfy the required adjusted gross income amounts; 3) be a California resident for six months or more of the 2020 tax year; 4) be ineligible to be claimed as a dependent in the 2020 tax year; and 5) be a California resident on the date the refund is ...