While more federal stimulus check payments are unlikely this year, over a dozen states are sending tax refunds to residents.
In late June, South Carolina became the latest state to combat rampant inflation and the growing threat of recession with a plan to send an income tax rebate check to eligible residents. Gov. Henry McMaster signed a tax cut bill that will also see taxpayers receive up to $800 in late November or December.
The federal government issued three rounds of stimulus checks during the height of the pandemic. It’s unlikely to send more this year, but at least 17 states have issued or are in the process of sending out tax rebate payments.
Stimulus Checks In California
Here’s where residents should keep an eye out for tax rebates, how much they can expect to get, and when the funds could arrive.
For more info on economic relief, check out plans for statewide child tax credits, as well as gas rebate checks and gas tax holidays across the US. Millions of Californians will receive inflation relief checks from the state, with some receiving as much as $1,050 for husband and wife with one child. The Sacramento Bee stated that the payments, funded by the state of California’s $97 billion balanced budget, will begin being distributed in October and continue monthly through 2023 via direct transfers or debit cards.
The size of the stimulus check that each citizen receives is determined by their annual income, tax filing status, and the number of people living in their home.
A couple making $250,000 or more years would receive $500, while an individual making $125,000 or more would receive $200. Up to $600 could be given to a family with little children.