Californians To Receive Up To $1,050 In “Inflation Relief” Checks
Single Californians who earn up to $75,000 will only get checks for $350 (that’ll pay for three or four tanks of gas), and if you’re a joint filer with kids, you could get $1,050. If you make more than $75,000 (living in California, this isn’t that much), the amount goes down to $250. Via Bloomberg:
California Governor Gavin Newsom announced late Sunday night that he had reached an agreement with state legislators on a $17 billion “inflation relief package.”
Here’s how it breaks down, according to Bloomberg Law. Individuals making as much as $75,000 a year, or joint filers making up to $150,000, would get $350 each plus $350 for one dependent for a maximum of $1,050. Those with income up to $125,000, or $250,000 filing jointly, would get $250 each plus another $250 for one dependent for a maximum of $750. Those earning more than $250,000, or $500,000 filing jointly, would get $200 each plus $200 for one dependent for maximum of $600.
No timeline announced yet for when the checks are going out, but since the relief package is based on 2021 tax returns, I presume they’ll be coming before the end of the year.
