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If you have been reviewing your bank statements or checking your mail and noticed the code or a similar variation, you aren't alone. This identifier is linked to the California Middle Class Tax Refund (MCTR), a massive relief program designed to help residents navigate the rising costs of living and inflation.
The term is essentially a transaction or reference code used by the State of California and its banking partners (primarily Money Network) to identify disbursements related to the .
You must have been a California resident for at least six months during the 2020 tax year and a resident on the date the payment was issued.
While most payments were distributed in late 2022 and throughout 2023, many taxpayers are still dealing with the administrative side of these funds—whether that’s activating cards, reporting lost payments, or understanding the tax implications. What is Check2023caexe?
At the federal level, the IRS eventually ruled that these payments are for most recipients. However, it is always wise to keep the 1099-MISC form (if you received one) with your tax records for that year.
Labeled in your bank history as "MCTR State of CA" or similar.
Up to $350 (plus $350 if you have dependents).
The California Franchise Tax Board (FTB) issued these one-time payments to Californians who met specific criteria:
Depending on how you filed your taxes, you received this payment in one of two ways:
