California Tax Refund: Where will the stimulus payment be deposited?

Tax refunds are issued by the U.S. Treasury when a person paid more tax than necessary on their state or federal return, such as when an employer withheld more money than necessary from their employee’s paycheck.

Also, those who file estimated tax returns each quarter as self-employed individuals are often the individuals who receive a refund of overpaid taxes.

In the case of the California Tax Refund, nearly 32 million taxpayers and their dependents have benefited.

Virtually every other state in the country has offered some form of financial assistance since the government stopped handing out the actual stimulus checks.

Each state had its own programs, but the IRS also continues to help Americans in need.

Is it possible to deposit my tax refund into my bank account?

Some taxpayers will receive their payment by debit card and in other cases by direct deposit into their bank account, which are made to eligible taxpayers who e-filed their tax return.

Debit card payments are mailed to the remaining eligible taxpayers under the following guidelines, according to the California Board of Taxation:

• You filed a paper return
• Had a balance due
• Received your Golden State Stimulus (GSS) payment by check
• Received your tax refund by check regardless of method of filing
• Received an advance payment from your tax service provider or paid tax preparer fees using your tax refund.