Eligible Californians will soon receive a one-time direct stimulus check payment of up to $1,050 as a form of inflation relief as consumer prices continue to rise.
Stimulus Check News: Middle Class Tax Refund
The Middle Class Tax Refund payments will be dispersed by direct deposit or state-issued debit cards starting in October.
The refunds, which are a part of a larger $12 billion relief package authorised by lawmakers in Sacramento last summer, are eligible for almost 23 million Californians.
The quantity of the direct payments will depend on the beneficiaries’ income and if they have any dependents. Married filers making less than $150,000 with a dependent would receive a payment of $1,050, while single filers earning between $125,001 and $250,000 with no dependents would receive a payment of $200.
Applicants must have been citizens for at least six months of the tax year 2020, file their 2020 returns by October 15, 2021, and have yearly earnings of no more than $250,000 for single filers and $500,000 for married couples in order to be eligible for the stimulus check payments. The state further said that anyone who was eligible to be claimed as a dependent for tax reasons in 2020 is no longer eligible.
California is one of the several states that protect their citizens against inflation. Other governments have looked at a variety of assistance measures.