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Sunday, May 21, 2023

Direct Stimulus Checks Worth $1,050 To Be Sent Out

Eligible Californians will receive a one-time direct stimulus check payment of up to $1,050 as a form of inflation relief in a matter of weeks, as prices continue to rise for consumers.

Stimulus Check News: Middle Class Tax Refund

The stimulus check payments, titled the Middle Class Tax Refund, will be shipped out beginning in October either via direct deposit or debit cards from the state.

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The refunds are part of a larger $12 billion relief effort approved by lawmakers in Sacramento this summer, with roughly 23 million residents eligible for the refund.

The dollar amount on the direct payments will depend on the income of recipients and if they have any dependents. Married filers making $150,000 or less and having a dependent will receive a payment of $1,050, and single filers making between $125,001 and $250,000 with no dependents will receive a payment of $200.

To qualify for the stimulus check payments, applicants must have been residents for six months of the 2020 tax year, filed 2020 taxes by Oct. 15, 2021, and earned less than $250,000 a year for individual filers or less than $500,000 a year for couples. The state also said that if someone was eligible to be claimed as a dependent for taxes in 2020, he or she is ineligible.

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California is one of several states issuing inflation relief to citizens. Other states have tried a variety of solutions to provide relief.

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