According to the California Franchise Tax Board (FTB) site, the state has already spent $7,508,156,450 billion on Middle Class Tax Refunds (MCTR) — 6,956,431 payments through direct deposit and 6,856,281 in debit cards. However, some Californians have thrown away or destroyed debit cards after receiving them, mistaking them for junk mail or scams.
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Part of the problem, according to ABC7, is correctly identifying the debit cards as genuine MCTR payments. Fortunately, lost or ruined cards can be replaced by contacting Money Network, which coordinates the debit cards.
The FTB site has created a page to help eligible MCTR recipients accurately identify their debit card payments. MCTR debit cards come in an envelope that reads, “No bill or advertisement. Important information about your Mid-Range Tax Refund.” The return address on the envelope is a PO box in Omaha, NE and the card itself may or may not have an EMV chip.
The State of California FTB began sending MCTR payments of up to $1,050 to approximately 23 million of its eligible residents on Oct. 7. The total payments of 18 million, totaling $9.5 billion, is the largest utility of its kind in California history.
Eligible Californians who have yet to receive their MCTR payments will soon receive them through an automatic deposit or through a debit card coordinated through Money Network.
Who receives their MCTR payment via debit card?
According to the California Franchise Tax Board website, eligible residents will receive their MCTR in the form of a debit card if they:
Filed a paper tax return
Had an outstanding bill
Receive your Golden State Stimulus (GSS) payment by check
Receive your tax refund by check, regardless of the filing method
You have received your tax refund for 2020 by direct debit, but you have changed your banking institution or bank account number
Received an advance from your tax service provider or paid your tax authorities with your refund
In general, tax refunds for the middle class are tiered based on a resident’s adjusted gross income (AGI), with larger payments going to those with lower incomes. The maximum discount of $1,050 is possible for married couples with multiple dependents who earn less than $150,000 per year.
Single petitioners earning up to $250,000 and couples earning up to $500,000 are eligible for at least partial pay, but individuals with 2020 adjusted gross income of $250,001 or greater, and joint petitioners with an AGI of $500,001 or higher are not eligible for the MCTR.
How to Replace Your California Tax Refund Debit Card
If you have accidentally lost or ruined your card, you can have it replaced by calling Money Network at 1-800-240-0223 and pressing option “3” for card replacement.
For questions about the MCTF and activating your debit card payment, please contact Money Network Customer Support at 1-800-542-9332 or through the online chat at mctrpayment.com.
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Eligibility for the MCTR is based on 2020 income tax returns, filing status, and dependents. Use the estimator tool at taxrefund.ca.gov to determine your eligibility and see how much rebate you can receive.
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This article originally appeared on GOBankingRates.com: California Stimulus: If You Lost or Thrown Out Your Middle Class Tax Refund, You Can Get It Replaced