![]() Other states issuing inflation checksīesides California, other states are sending their residents payments under the guise of stimulus payments, refunds, tax rebates, etc. Those who filed their income taxes electronically and got their 2020 tax refund via direct deposit will get their payment the same way. These payments will be issued via direct deposit or debit card. Some payments could arrive as late as January 2023. When will the inflation-relief checks be issued?Įligible California residents should begin receiving payments starting in October of 2022. The state currently has $37.2 billion in budgetary reserves and 93% of the discretionary surplus allocated for one-time projects. Recently, Governor Gavin Newsom referred to the relief package in a tweet as a “middle-class rebate.” In the same tweet, Newsom said the stimulus package would help California residents fill their gas tanks and put food on their tables (opens in new tab).Īccording to the Governor’s office, additional funds are available to help California residents. Wages have not yet caught up with inflated prices, and the California stimulus aims to relieve residents’ budgets. With talks of recession, continual fed rate hikes since March of this year, along with increasing prices for everyday living expenses, many people have been struggling to keep up. Why is California giving out another stimulus check? If your income is below these thresholds, you will be eligible for a stimulus check according to the schedule outlined above. Those who earn more than either $250,000 as a single taxpayer or $500,000 as joint filers are not eligible for a California stimulus check.
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