By the edhat staff
The majority of Californians should expect to receive hundreds of dollars in inflation relief checks next month.
The state will begin to distribute funds to taxpayers through direct deposit starting on October 7th based on information provided for state taxes. Those who did not electronically file or receive refunds through direct deposit will instead receive debit cards that will be mailed from mid-October through December.
Earlier this year, the state Legislature and Governor Newsom agreed to a $12 billion relief effort that included sending taxpayers making less than $500,000 a year payments between $200 and $1,050, depending on income and family size, to offset the rising housing and gas prices.
Roughly 23 million California residents are eligible, which is set up in three tiers based on the adjusted gross income on 2020 state tax returns. Residents also must have filed their 2020 tax refund by Oct. 15, 2021, have lived in the state of California for at least half of the 2020 tax year and still be California residents on the date the payment is issued. They also cannot have been claimed as a dependent by someone else in the 2020 tax year.
Here’s how it breaksdown:
Single taxpayers who earned less than $75,000 and couples who filed jointly and made less than $150,000 will receive $350 per taxpayer and another $350 if they have any dependents.
Individual filers who made between $75,000 and $125,000 — and couples who earned between $150,000 and $250,000 — will receive $250 per taxpayer, plus another $250 for dependents.
Individual filers who earned between $125,000 and $250,000 and couples who earned between $250,000 and $500,000 would receive $200 each. A family with children in this bracket could receive a maximum of $600.
Single taxpayers who earned more than $250,000 and couples who made more than $500,000 combined in 2020 aren’t eligible.