Great news for California residents, you could be receiving an 'Inflation Relief' check up to $1,050 real soon! According to CBS Bay Area, approximately 23 million Californians will receive this check! See if you qualify below!
The payments are similar to the stimulus checks sent by the federal government in that they are based on income, tax-filing status and household size.
Lower- and middle-income Californians stand to receive the biggest checks.
- Single taxpayers who earn less than $75,000 a year and couples who file jointly and make less than $150,000 a year will receive $350 per taxpayer.
- Taxpayers with dependents will receive an extra $350.
In other words, a couple that earns a combined $125,000 and has two children would qualify for $350 per adult plus $350 for their children, for a total of $1,050.
Higher-income residents will receive smaller payments.
- Single taxpayers who make between $75,000 and $125,000 a year and couples who earn between $150,000 and $250,000 will receive $250, plus the same payment for their dependents, for a maximum of $750 per family.
- Single people who earn between $125,000 and $250,000 and couples who earn between $250,000 and $500,000 annually would receive $200 each, plus the same amount for their dependents. That amounts to a maximum payment of $600 per family.
Checks will start being sent through direct deposit or prepaid debit card by late October!