California Is Sending Out ‘Inflation Relief’ Checks for Up to $1,050: Here’s How Much You’ll Get

(NEXSTAR) — More than 20 million Californians can expect a new round of direct payments to their bank accounts this year, Governor Gavin Newsom announced Sunday. The state is releasing a payment of up to $1,050 to the governor. called A new “middle class tax exemption.”

Direct payments are part of adearness relief package“In California’s budget agreement, the governor and legislative leaders of California said joint statement,

the amount you will get depends on your household income And how many dependents do you have? Here’s how it breaks down:

single filer

Making less than $75,000: Paying $350

Making between $75,000 and $125,000: $250 payment

Making between $125,001 and $250,000: $200 payment

Those making more than $250,000 do not get paid.

joint filer

Making up to $150,000: Paying $700

Making between $150,001 and $250,000: Paying $500

Making between $250,001 and $500,000: $200 payment

Those making more than $500,000 and filing taxes jointly do not receive payment.

With dependents, whether they file taxes individually or jointly, are eligible for an additional amount. To determine the total amount you will receive, add the number that applies to you from the list above to the number that applies to you from the list below, if you have at least one dependent.

Single filer with dependents:

Earning less than $75,000: Additional $350

Making between $75,000 and $125,000: Additional $250

Earning between $125,001 and $250,000: Additional $200

Joint filers with dependents:

Making up to $150,000: Additional $350

Earning between $150,001 and $250,000: Additional $250

Making between $250,001 and $500,000: Additional $200

Therefore, the highest possible payout goes to couples filing jointly with at least one dependent. They will receive $700, plus an additional $350, for a total “inflation relief” payment of $1,050.

Payments will be sent to an estimated 23 million Californians, According to legislators.

of nexstar California Capital Bureau reported Payments are scheduled to begin in late October. All payments must be released by the beginning of the next year.

Payments will be issued by Direct Deposit – eg golden state incentive check Sent last year – plus debit cards.

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