For those still waiting on a Middle Class Tax Refund, the state is preparing nearly half a million direct deposits in the coming days, the Franchise Tax Board said Thursday.
As the clock winds down on the bulk of the MCTR distribution, many people are still wondering “where’s my rebate?”
Since October, the FTB has sent 7,020,930 direct deposits to qualifying taxpayers. Another 9,112,953 debit cards have been sent by mail through a third-party vendor. Nearly $9 billion (specifically, $8,793,299,700) in refunds had been delivered as of Dec. 30, FTB’s website says.
By the time the program wraps up, the state will have sent $9.5 billion in inflation relief payments