A California inflation-relief check is headed your way. When will you get it?
Most Californians should expect a few hundred dollars from the state of California in time for holiday shopping late this fall.
Gov. Gavin Newsom and top Democrats in the Legislature last weekend struck a deal to send inflation relief checks of up to $1,050 to most California households. The Legislature must vote on the agreement this week.
California Department of Finance spokesman H.D. Palmer said in an email to The Sacramento Bee that payments would go out as direct deposits and as debit cards.
All payments are expected to be issued by early next year, according to estimates from the Franchise Tax Board.
The deal sets aside $9.5 billion to benefit an estimated 23 million Californians. Newsom and Democratic leaders have characterized the payments as help for residents who are struggling with inflation and high gas prices.
Here’s how they will work, according to Palmer:
▪ Single filers making less than $75,000 a year will receive $350, while joint filers making less than $150,000, will receive $700. If they have at least one dependent, they will receive an additional $350.
▪ Single filers making between $75,001 and $125,000 will receive $250, while joint filers making between $150,001 and $250,000 will make $500. If they have at least one dependent, they will receive an additional $250.
▪ Single filers making between $125,001 and $250,000 will receive $200, while joint filers making between $250,001 and $500,000 will receive $400. If they have at least one dependent, they will receive an additional $200.
An estimated 82% of beneficiaries are in the first category, according to Palmer, with 12% in the second category and 6% in the third.
Under this system, a single filer will receive between $200 and $350, while a single filer with at least one dependent will receive between $400 and $700. A joint filer with at least one dependent will receive between $600 and $1,050.
This story was originally published June 28, 2022 at 5:00 AM.