In the coming weeks, taxpayers in California are expected to begin receiving payments promised in response to rising gas prices and the cost of living.Earlier this year, the state legislature and governor agreed to send Californians who file income tax in the state making less than $500,000 a year payments between $200 and $1,050 depending on income and family size. You can find out how much you qualify for here. Eligibility is based on 2020 tax filings. A spokesperson for the California Franchise Tax Board Tuesday said the payments will be distributed through direct deposits and mailed debit cards. Californians who received the Golden State Stimulus and who filed their tax return electronically and received their tax refund through direct deposit will have payments issued to their bank accounts starting Oct. 7 through Oct. 25. The remaining will have payments deposited between Oct. 28 and Nov. 14, according to state officials. The Franchise Tax Board expects 90% of the direct deposits to be issued in October. Debit cards will be mailed between Oct. 25 and Dec. 10 for those who received the Golden State Stimulus but did not electronically file or receive a refund through direct deposit. The rest will be mailed by Jan. 15, according to the Franchise Tax Board. | RELATED | Some California seniors disappointed they’re left out of state’s inflation relief package”It would help me out a lot,” said Pete Miranda, a gas station employee in Sacramento. He swapped out numbers Tuesday on the Chevron gas station where he works to reflect a 20- cent increase. The payments are scheduled to hit bank accounts in the weeks ahead as gas prices across California have climbed this week. The statewide average for a gallon of regular unleaded Tuesday was $5.42. | RELATED | Why California gas prices are rising while US prices are fallingRepublican State Assemblyman James Gallagher said the state payments are not enough amid the rising costs of not just gas, but utilities, housing and groceries. “Sending out checks is not going to do anything to address the high cost we’re facing,” he said. Republican state lawmakers this year repeatedly tried to suspend the state’s gas 53-cent gas tax. Gallagher confirmed the group will try again when lawmakers return to Sacramento in January, along with other cost-saving efforts.
In the coming weeks, taxpayers in California are expected to begin receiving payments promised in response to rising gas prices and the cost of living.
Earlier this year, the state legislature and governor agreed to send Californians who file income tax in the state making less than $500,000 a year payments between $200 and $1,050 depending on income and family size. You can find out how much you qualify for here. Eligibility is based on 2020 tax filings.
A spokesperson for the California Franchise Tax Board Tuesday said the payments will be distributed through direct deposits and mailed debit cards.
Californians who received the Golden State Stimulus and who filed their tax return electronically and received their tax refund through direct deposit will have payments issued to their bank accounts starting Oct. 7 through Oct. 25. The remaining will have payments deposited between Oct. 28 and Nov. 14, according to state officials. The Franchise Tax Board expects 90% of the direct deposits to be issued in October.
Debit cards will be mailed between Oct. 25 and Dec. 10 for those who received the Golden State Stimulus but did not electronically file or receive a refund through direct deposit. The rest will be mailed by Jan. 15, according to the Franchise Tax Board.
| RELATED | Some California seniors disappointed they’re left out of state’s inflation relief package
“It would help me out a lot,” said Pete Miranda, a gas station employee in Sacramento. He swapped out numbers Tuesday on the Chevron gas station where he works to reflect a 20- cent increase.
The payments are scheduled to hit bank accounts in the weeks ahead as gas prices across California have climbed this week. The statewide average for a gallon of regular unleaded Tuesday was $5.42.
| RELATED | Why California gas prices are rising while US prices are falling
Republican State Assemblyman James Gallagher said the state payments are not enough amid the rising costs of not just gas, but utilities, housing and groceries.
“Sending out checks is not going to do anything to address the high cost we’re facing,” he said.
Republican state lawmakers this year repeatedly tried to suspend the state’s gas 53-cent gas tax. Gallagher confirmed the group will try again when lawmakers return to Sacramento in January, along with other cost-saving efforts.
Read More:When will you receive your California inflation relief payment?
2022-09-14 00:52:00
