About 23 million California residents will receive inflation relieF checks of up to $1,050. California Governor Gavin Newsom signed a $308 billion state budget that includes the payments on June 30, 2022. In this post, we are going to explain in detail who is eligible for inflation relief, what the income limits are, and when the checks will be mailed.
Additionally, we will answer the most frequently asked questions about the inflation relief payment.
California Inflation Relief Checks
After months of talks about a gas rebate Governor Gavin Newsom and legislative leaders announced they have reached a deal that would get money directly to people to offset the record-breaking gas prices and inflation.
Families in California could get direct payments of up to $1,050.
According to CNBC, more than half of California’s residents may soon receive a stimulus check from the state, Gov. Gavin Newsom’s office has announced.
This is part of an inflation relief package worth $17 billion.
It is estimated that 23 million Californians will receive payments, totaling up to $1,050 for joint filers with at least one dependent.
Payments will be mailed this fall.
About 23 million California residents will receive “inflation relief” checks of up to $1,050 after Governor Gavin Newsom signed a $308 billion state budget that includes the payments.
— CBS News (@CBSNews) July 1, 2022
Who is Eligible for Inflation Relief Check?
Eligibility for the inflation relief check will depend on how much money each California resident earns, as well as how many dependents they have.
To be eligible, you must fall into one of the three income tiers for either single or joint tax filers.
Here are the income tiers for single and joint filers and how much each tier could receive.
Single tax filers will receive:
$350 if they earn less than $75,000 per year
$250 if they earn between $75,001 and $125,000 per year
$200 if they earn between $125,001 and $250,000 per year
Joint tax filers will receive:
$700 if they earn less than $150,000 per year
$500 if they earn between $150,001 and $250,000 per year
$400 if they earn between $250,001 and $500,000 per year
However, if either single or joint filers have at least one dependent, they will receive an additional amount of either $350, $250, or $200, based on their tier.
California Stimulus Payments Information (Video)
For more information on the tax rebates and inflation payments going out in October 2022, watch our video below.
Details of the Inflation Relief Package
Here are the details of other relief items in the Governor’s package.
FAQs about California Inflation Relief Checks
Here are the most frequently asked questions about California Inflation Relief Checks:
Who qualifies for the Inflation Relief Checks?
Californians earning as much as $75,000 for individuals or $150,000 for joint filers would receive $350 per taxpayer.
Additionally, there is another $350 if they have at least one dependent.
Therefore, a single parent would therefore receive $700 and two-parent families would receive $1,050.
When will the California Inflation Relief Checks be issued?
According to California Governor Newsom, the inflation relief checks will be sent via direct deposit or debit cards as soon as October 2022.
Where is the money coming from?
The checks are designed as tax refunds and result from the state’s record-setting $97 billion budget surplus.
What is the reason for the Inflation Relief Checks?
The checks, as described by Governor Newsom are a “middle-class tax rebate,” in response to high gas prices and the economic strain felt by millions of consumers and businesses due to rising inflation.
California has by far the highest average price for a gallon of regular-grade gas in the country.
The state is averaging $6.30 for a gallon as of June 28th, according to AAA — 29 percent higher than the national average, at $4.88.
Twelve states and D.C. have average gas prices of $5 or more, according to AAA.
As of June 2022, here are the average gas prices across the state:
The average gas price in San Luis Obispo County is $6.52.
Santa Barbara’s county average is $6.28.
California’s average gas price is $6.31.
Will Seniors Get Inflation Relief Checks?
It depends. If social security is one’s sole source of income, they’re not required to file taxes. This subset of seniors are not eligible for the inflation relief checks.
California Inflation Relief Checks Summary
We hope this post on California Inflation Relief Checks was helpful.
If you have further questions about the Inflation Relief Checks, California SNAP or EBT Card, please let us know in the comments section below.
Also, be sure to check out our other articles about California SNAP and EBT, including: