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Tuesday, February 7, 2023

Stimulus Check Inflation Relief On The Way

The state of California is sending $460 million more in inflation relief payments to low-income recipients of the CalEITC in 2023 — bringing the total to $845 million. The program provides tax credits and cash rebates to people who qualify through participation in CalFresh (food stamps), Medi-Cal, Foster Care, or CalWORKs.

Payments are based on income, filing status, and the number of dependents. Millions of Californians received their first inflationary payment this week — with many receiving $300 per child or $200 for single adults without children. They will receive a second payment on Oct. 22 and a third from the IRS by Jan 2023 with their federal income tax refunds.

Stimulus Check Worth $460k Coming Up

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This program provides tax credits and cash rebates to people who qualify through participation in CalFresh (food stamps), Medi-Cal, Foster Care or CalWORKs. Payments are based on income, filing status and number of dependents.

To qualify for the program, you must:

  • Be a resident of California living at or below 150% of the federal poverty level;
  • Have a valid Social Security number (SSN);
  • Not be claimed as a dependent on another person’s federal income tax return; and
  • Not have received any inflationary payments from the state since January 2019.

    Millions of Californians received their first inflationary payment this week — with many receiving $300 per child or $200 for single adults without children. They will receive a second payment on Oct. 22 and a third from the IRS by Jan. 2023 with their federal income tax refunds.

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    The payments are part of California’s 2019-20 budget deal, which lawmakers approved in June to provide relief to low-income individuals who rely on Social Security benefits after years of stagnant payouts.

    California will send $460 million more in inflation relief payments to low-income recipients of the CalEITC in 2023, according to the Franchise Tax Board.

    The program provides tax credits and cash rebates to people who qualify through participation in CalFresh (food stamps), Medi-Cal, Foster Care or CalWORKs.

    The funding will go toward increasing monthly payments for those eligible by $33 dollars over what they would have received under previous budget terms.

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