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About 23 million California residents may get an “inflation relief” check within days, part of Governor Gavin Newsom’s plan to offer financial assistance to many working families walloped by high gasoline prices. California isn’t alone in developing stimulus checks and rebates for residents to help them cope with inflation, with at least 20 other states also offering financial aid to their citizens.
Yet while gas prices have declined from their record high in June, drivers in California still pay the highest amount for a gallon of gas, on average, according to data from AAA. Here’s what to know about the timing of the checks and how much California residents can expect.
People who included their bank account information in their tax returns will receive direct deposits. Taxpayers who included their addresses but no bank account data will receive a debit card. Others who will receive a debt card include:. You can see the rebate amounts for higher-income groups here. California issuing gas tax rebates.
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California stimulus check status, amount, eligibility and latest updates | Tom’s Guide.State “Stimulus Checks” in – California Payments Start Oct. 7 | Kiplinger
Tax cuts would be a better alternative for long-term additional revenues, he said. If instead states are looking at one-time money, it would be better spent on one-time needs, such as pension or rainy day funds, he said.
Skip Navigation. Investing Club. Key Points. California on Friday began deploying one-time payments that will benefit up to 23 million California residents in the largest program of its kind in the state’s history. Here’s what we know about the checks. To qualify to receive a payment, you must meet certain requirements. California Gov. Additionally, you must not have been claimed as a dependent by someone else.
The amount of the checks depends on two factors: income and number of dependents. Payments will be issued between this month and January. Other payments will be issued on debit cards sent in the mail starting later this month. VIDEO States are sitting on record surpluses and many individuals are struggling under the weight of extremely high inflation. That’s prompting policymakers to put the two together and want to write checks.
Payment amounts depend on marital status and income. California has provided a calculator to determine eligibility.
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