The State of California introduced the Middle-Class Tax Refund (MCTR) to alleviate the economic impact of the COVID-19 pandemic. This program aims to support middle-class individuals and families by returning a portion of their taxes, thereby increasing disposable income and stimulating regional economic activity.
In 2024, eligible recipients received $1,050 stimulus checks, offering significant financial relief. The MCTR also aids small businesses and those dependent on cash flow by boosting spending, preventing bankruptcy, and promoting overall economic stability. An overview, eligibility standards, payment rates, and more are all covered in this article about the $1,050 stimulus checks.
What is the $1050 Stimulus Check?
In 2023, California launched the Middle-Class Tax Refund initiative to help residents cope with inflation. Though the program ended in September, 624,000 beneficiaries, amounting to about $125 million, have yet to claim their checks. These funds are distributed via prepaid debit cards, with amounts ranging from $200 to $1,050 per family, requiring activation.
To ensure recipients claim their payments before the April 30, 2026 deadline, the California Franchise Tax Board is encouraging beneficiaries to activate their cards and is enhancing communication and support efforts.
Eligibility Requirements for $1050 Stimulus Check
To qualify for the $1,050 stimulus checks, individuals must meet the following criteria:
- Submitted their tax return for 2020 by October 15, 2021.
- Met the California Adjusted Gross Income (AGI) limits listed on line 17 of Form 540 or line 16 of Form 540 2EZ on the 2020 tax return.
- Were not eligible to be claimed as a dependent for the 2020 tax year.
- Lived in California for at least six months during the 2020 tax year and resided in California when the stimulus check was issued.
Payment Rates for Head of Household or Widow
The $1,050 stimulus payment rates vary based on filing status and AGI from the 2020 tax return in California.
- Head of Household or Widow:
- For AGIs ≤ $150,000: $700 with dependents, $350 without.
- For AGIs $150,001 – $250,000: $500 with dependents, $250 without.
- For AGIs $250,001 – $500,000: $400 with dependents, $200 without.
- For AGIs > $500,000: No 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.
- Single or Married Filing Separately:
- For AGIs ≤ $75,000: $700 with dependents, $350 without.
- For AGIs $75,001 – $125,000: $500 with dependents, $250 without.
- For AGIs $125,001 – $250,000: $400 with dependents, $200 without.
- For AGIs > $250,000: No payment.
How to Claim $1050 Stimulus Checks 2024
- Ensure your address is current with the California Franchise Tax Board.
- For support with receiving $1,050 payments, contact Money Network at 800-240-0223 for MCTR card management.
- Additional assistance is available via the automated customer helpline at 800-542-9332, weekdays from 8:00 a.m. to 5:00 p.m.
- Claim the benefits before the program expires on April 30, 2026, as unclaimed benefits will become inaccessible after this date.