Stimulus update: California to send debit cards worth up to $1,050 in next few weeks
Misty Severi
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California is handing out direct payments of up to $1,050, with the next round of cards being sent in the next few weeks.
The funds are part of the state’s Middle Class Tax Refund program that offers Californians relief from rising prices due to high inflation. Recipients receive the funds through direct deposit and state-issued debit cards, which will be disbursed at the end of the month. All payments are expected to be disbursed by the end of January 2023.
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In order to qualify, applicants must have resided in California for at least six months during the 2020 tax year, have filed their 2020 taxes by Oct. 15, 2021, and have earned less than $250,000 a year for individual filers or less than $500,000 a year for couples.
The amount that filers receive is based on how much they earn yearly and how many dependents they have. Married filers with an income of $150,000 or less and have dependents will get $1,050. On the lower end, filers who are single, have no dependents, and make between $125,000 and $250,000 will receive payments of $200.
State residents that are listed as dependents are not eligible for the refunds.
The Middle Class Tax Refund, signed by Gov. Gavin Newsom in June, is meant to aid families struggling with making rent, buying groceries, or helping with smaller businesses.
“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 state’s governor said.
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Other states and cities are also trying different programs to help people who struggle with rising prices on almost every item due to high inflation.