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California Residents To Receive Up To $1,050 This Week For Inflation Relief



California Residents To Receive Up To $1,050 Payment This Week For Inflation Relief

California Residents To Receive Up To $1,050 Payment This Week For Inflation Relief

Starting this month, qualified California residents will begin to receive one-time inflation-relief payments of as much as $1,050.

Whether you’re eligible for the Middle Class Tax Refund — and how much you could receive– depends on your income, residency, filing status and household size.

The refunds are part of a $12 billion relief effort approved this summer by state lawmakers. The plan “prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices” Gov. Gavin Newsom said in a June 26 statement.

Here’s what you need to know about California’s inflation relief checks, including who is eligible for the money, how much they’ll get and when payments can be expected. Who qualifies for an inflation relief payment?

Roughly 23 million California residents are eligible for the rebate plan, which has been set up in three tiers based on the adjusted gross income on your 2020 California state tax return.

In addition to meeting income requirements, residents 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.

You also cannot have been claimed as a dependent by someone else in the 2020 tax year.

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