10 Million $1,050 Debit Cards Will Be Mailed In 48 Hours To Americans

It has been revealed that approximately 10 million debit cards worth up to $1,050 will be mailed to Americans who qualify in less than 48 hours.

Beginning the following week, residents of California will start receiving their second instalment of inflation payments.

The official report indicates that approximately 23 million residents of the state may be qualified to receive the relief payments.

California residents who filed a 2020 state tax return and earned no more than $250,000 individually or $50,000 jointly will be eligible.

California's Franchise Tax Board sent the first installment of payments to filers who e-filed their 2020 taxes and qualified for last year's Golden State Stimulus.

Those who completed an electronic 2020 California tax return but did not qualify for the Golden State Stimulus will receive direct deposits next week.

Residents who filed their tax returns by mail will receive a debit card instead of a direct deposit in less than 48 hours.

Beginning on Tuesday, approximately 10 million of these debit cards will be mailed. The amount available on these debit cards is determined by the recipients' income.

Those who file their taxes jointly and have an annual combined income of less than $150,000 will be eligible for a tax credit of $700.

Single filers earning less than $75,000 per year will receive $350. Recipients who have one or more dependents will receive an additional $350.

According to SFGATE, the state expects 700,000 direct deposits in the coming week, with a total of 2.1 million deposits sent between now and November 14.