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