Around 23 million Californians could receive their inflation stimulus check starting this Friday, October 7, the amount of which can reach up to $1,050 dollars
23 million Californians are ready to receive their California inflation stimulus checks. The state government has a budget of $9.5 billion dollars that will be distributed in direct aid, regardless of the immigration status of the people. The first checks go out this Friday, October 7.
The maximum that can be obtained is $1,050 dollars, if an eligible family has dependents, since an amount will also be awarded for them. According to a statement sent by the office of California Governor Gavin Newsom, this stimulus is based on the Golden State stimulus check that was distributed during 2021. Through this, $9,000 million dollars were distributed to California families, which were used to pay rent, cover overdue utility bills and to support small businesses.
Now, with the highest inflation that the United States has experienced in the last 40 years, the need for another economic stimulus was prioritized in the Newsom administration.
“We know it’s expensive right now, and California is putting money in their pockets to help. We are sending over a thousand dollars worth of rebates to help families pay for everything from groceries to gas,” Governor Newsom said in a press release.
Payments will vary, from $400 to $1,050 for couples filing jointly. Single filers will receive between $200 and $700. Everything will depend on your income and the number of dependents you have.
Refunds are available to those who file their taxes with their ITIN (Taxpayer Identification Number), as well as those who file taxes with an SSN (Social Security Number).
“Inflated costs for daily necessities have forced many to take shortcuts or make impossible decisions, and the pain at the pump has been compounded by the return of commuting for many Californians,” said Betty T. Yee, State Comptroller and President of the Franchise Tax Board, through a press release. “As the holidays approach, my team members are thrilled to be able to get these payments out to those who have been struggling, so they can enjoy a bit of relief,” she added.
Who will benefit from the first California stimulus checks
This Friday, October 7, the first California inflation stimulus checks are going out. Around 8 million direct deposits will start arriving in bank accounts from today until November 14, 2022. According to information provided by the Franchise Tax Board, the first round of checks will be sent to people who received the Golden State stimulus payments.
During the second phase of the plan, preloaded debit cards will be delivered with the corresponding amount, which will reach the hands of the beneficiaries between October 25 and January 15. To determine your eligibility, you can visit taxrefund.ca.gov.
“Direct deposit payments will be made to eligible taxpayers who electronically filed their 2020 California tax return and received their California tax refund via direct deposit. In general, other payments will be issued on debit cards. Debit cards will be mailed to eligible taxpayers in an envelope that prominently displays the following wording: ‘Not a bill or an advertisement. Important information about your Middle Class Tax Refund,’” the press release explains.
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