The first direct debits will be issued on October 10th.Please refer to the table below for detailed distribution time 👇
Eligible Californians can receive grants of up to $1,050 as part of the state's plan to combat inflation and the rising cost of living.
The amount of your check will depend on your tax filing status, number of dependents, and income.More specifically, the amount of your tax refund will be based on your 2020 California Adjusted Gross Income (CA AGI).
Please refer to the picture below to see how much you can get👇
Joint filers earning more than $50 a year and single filers earning $25 a year are not eligible.
However, agencies have been answering questions from those eager to use the additional funds since the state announced a few months ago that it would distribute the money to millions of Californians.
According to the California Franchise Tax Bureau (FTB),If you have met all the conditions, all you can do now is wait."You can't get this money expedited by contacting us, and all eligible Californians don't need to do anything to get this money," the agency said.
To get this tax refund, you not only have to meet the income limit (refer to the table above),Must also be a California resident for at least 2020 months during the 6 tax year.
The more money you make in 2020, the less inflation assistance you'll get this time around. The FTB added that even if your circumstances have changed significantly since 2020, meaning even if you make less money now than you did last year, what you're about to getGrants will still be based on your income two years ago and not now.
This article is reproduced from:
