Californians will get enormous $1,050 cash payments as of today as part of the stimulus package
Direct payments of up to $1,050 per taxpayer as part of Gov. Gavin Newsom’s (D-CA) Middle Class Tax Refund will be sent today.
The purpose of the refund is to provide direct cash to customers to help mitigate the effects of excessive inflation. According to ABC 10 News, on October 7th, around $9.5 billion will be distributed to California residents. A debit card will be mailed to the rest of the recipients when the initial deposits have been made via direct deposit.
Newsom said “We know it’s expensive right now, and California is putting money back into your pockets to help. We’re sending out refunds worth over a thousand dollars to help families pay for everything from groceries to gas,”
The bulk of the disbursements will be made in October, and the remainder will be completed by the end of January. Those interested must not be a dependent and must have submitted their 2020 tax return by October 15, 2021, to qualify.
Whether or not you are married affects the amount of money you receive. Depending on household income and number of dependents, married couples filing jointly could earn $400 to $1,050 while single filers could receive $200 to $700.
The Golden State has made it easier to figure out if you qualify by providing a handy eligibility calculator.
