California’s inflation and gas price-tied tax relief payments to taxpayers are set to arrive next month, state officials announced Tuesday.
The payments, totaling $9.5 billion of the Golden State’s $300 billion budget surplus, are set to arrive for taxpayers who reported earning no more than $250,000 individually or $500,000 if filing taxes jointly.
The timing of the payments, however, is raising eyebrows. It’s not the first time California has doled out relief to taxpayers just before an election.
Remember those $350 per person tax rebates California is sending thanks to an enormous budget surplus? They’re arriving soon — around the same time as midterm ballots pic.twitter.com/G9jMPiCFHs— Jeremy B. White (@JeremyBWhite) September 13, 2022
In 2021, California rolled out its Golden State stimulus payments ahead of the gubernatorial recall of Gov. Gavin Newsom.
So who gets what?
Single Filers:
- Earning less than $75,000 in 2020-2021: $350 (additional $350 for those with dependents)
- $75,000 – $125,000: $250 ($250 for dependents)
- $125,000 – $250,000: $200 ($200 for dependents)
Joint Filers:
- Earning less than $150,000 in 2020-2021: $350 each (additional $350 for those with dependents)
- $150,000 – $250,000 in 2020-2021: $250 each ($250 for dependents)
- $250,000 – $500,000 in 2020-2021: $200 each ($200 for dependents)
Single filers who reported earning less than $75,000 in tax year 2020-2021 will receive $350, and joint filers with a combined income under $150,000 will receive $350 each — filers with dependents will also receive an additional $350.
