inflation relief payment: Here’s how California’s first ‘inflation relief’ payments work

As per the tweet by California Governor Gavin News, over 23 million Californians will start receiving the “inflation relief” payments this Friday. In June, the lawmakers approved this bill through Middle-Class Tax Refund, by which eligible citizens of California will get $200 to $1,050 as a refund, depending on their tax filings.

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How soon will the initial payments be made?

The first tax refund recipients will be citizens who got a Golden State Stimulus to check through direct deposit in 2021.

The first payment round is expected to occur from October 7 to 25. And the second round may take place from October 28 to November 14.

Whoever filled out their taxes online will get the refund online; on the other hand, the citizens who filed taxes on paper will get a debit card through their mail.

According to the Franchise Tax Board, a breakdown of the anticipated payments

Gross Income Payment With Dependent Payment Without Dependent
Joint Filler Head of Household Filers Other Individuals Joint Filler Head of Household Filers Other Individuals
$150,000 or less $1,050 $700 $700 $700 $350 $350
$150,000 to $250,000 $750 $500 $500 $500 $250 $250
$250,000 to $500,000 $600 $400 $400 $500 $200 $200


Why are Californians getting this refund?
Californians are getting this refund due to the high price rise in fuel and gas.

What is a Tax Refund?
It is a state or federal payment made to taxpayers who paid more taxes than necessary.

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