California is sending up to 23 million residents “inflation relief” checks of up to $1,050 to ease the financial burden of the highest U.S. inflation in the past 41 years. Here's what you need to know about California’s inflation relief payments:
The Golden state is sending up to 23 million California residents “inflation relief” checks of up to $1,050 to ease the financial burden of the highest U.S. inflation in the past 41 years.
Who qualifies for the inflation relief checks? The payments are structured into three tiers, according to the local reports. Tier two covers 2.1 million taxpayers who make between $75,001 and $125,000 as single filers or $150,001 to $250,000 jointly, and gives $250 to each individual, plus another $250 if the person has at least one dependent. A couple in this income bracket with a dependent would get $750.
Where is the inflation relief money coming from? The payments are part of California’s 2022-2023 budget and are structured as tax refunds. California has an estimated $97.5 billion budget surplus.When and how will the money be sent? Money will be sent digitally by direct deposit into a taxpayer’s bank account, or mailed out as debit cards with the refund loaded on it, the Newsom administration said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
California's First 'Inflation Relief' Payments Are on the Way. Here's What to KnowPayments range from $200 to $1,050 — here's when eligible Californians can expect to see the money.
Read more »
First batch of CA inflation relief checks go out in less than 24 hours: Here's who gets it firstCalifornia will begin disbursing the first batch of inflation relief checks to millions of taxpayers starting Friday, Oct. 7.
Read more »
As California stimulus checks of up to $1,050 start to go out, here's what you need to knowAs many as 23 million Californians will benefit from a record-high state surplus when they receive direct payments starting this month.
Read more »
MPs unanimously vote to temporarily double GST rebate for lower-income CanadiansThe federal government has been facing political pressure for months to deliver relief to Canadians who are dealing with rising inflation.
Read more »
Illinois County Just Launched The Nation’s Largest Guaranteed Income ProgramCook County will send up to 3,250 eligible residents $500 a month in cash assistance for two years, becoming a leader in the movement for universal basic income.
Read more »