Posted by on September 23, 2022 11:43 am
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Stimulus: Direct inflation relief checks worth $1,050 to be sent out in a few weeks

(AP Photo/Abdel Magid al-Fergany) (AP Photo/Abdel Magid al-Fergany)

Stimulus: Direct inflation relief checks worth $1,050 to be sent out in a few weeks

Jack Birle September 23, 10:59 AMSeptember 23, 10:59 AM Video Embed

Eligible Californians are set to receive direct payments of up to $1,050 as part of an inflation relief effort to fight against rising costs for consumers.

The direct payments are called the Middle Class Tax Refund by the state and will be sent out to eligible residents beginning in October via direct deposit or state-issued debit cards. The state expects all payments to be issued by January 2023.

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The amount received from the refund will depend on the income of recipients and if they have any dependents.

Married filers who make $150,000 or less and have a dependent will receive a payment of $1,050, on the high end. Single filers making between $125,001 and $250,000 with no dependents will receive a payment of $200, on the low end.

In order to be eligible, applicants must have been residents of California for six months during the 2020 tax year, have filed 2020 taxes by Oct. 15, 2021, and earned less than $250,000 a year for single filers or less than $500,000 a year for couples.

The state has also said that if someone was eligible to be claimed as a dependent for taxes in 2020, he or she is ineligible for this specific tax refund program.

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California is issuing the tax refunds as a variety of solutions are being attempted by states to provide relief to citizens who are struggling under high inflation.

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