Stimulus update: Direct payments worth up to $1,050 to be sent out tomorrow in California
Stimulus update: Direct payments worth up to $1,050 to be sent out tomorrow in CaliforniaMisty Severi
Tax rebates totaling up to $1,050 are slated to go out to millions of Californians by tomorrow as part of Gov. Gavin Newsom’s (D) Middle-Class Tax Refund.
California has already begun distributing payments earlier this month, but those who opted for payments via debit card are expected to start getting their rebate on Oct. 25. Californians must have completed their proper tax forms to receive the payments.
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The rebate is meant to provide financial relief to middle-class residents who have been stung by increases in the daily costs of living that are afflicting the nation. Gas prices in California are particularly high, with the statewide average at $5.83 per gallon as of Friday, $2 higher than the national average, according to AAA.
To qualify for the rebate, residents cannot be listed as dependents and must have filed their 2020 tax returns by Oct. 15, 2021. Precise payments vary based on income and can range from $200 to $1,050.
Individual filers can get between $200 and $700, depending on whether they have a dependent and if they earn $250,000 or less in annual income. Joint filers with annual earnings below $500,000 can get between $400 to $1,050 from the measure, based on whether they have a dependent.
Approximately $9.5 billion worth of payments will be rolled out in the program, and about 17 million Californians are expected to get payments, according to ABC 10 News.
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California residents can see how much they qualify for by using a calculator created by the state. Most payments are expected to come in October, and the program is expected to wrap up near the end of January.