Stimulus Check Update as a state sending out a $1,050 tax refund

Millions of state residents will receive direct payments of up to $1,050 to offset high prices for gas and other commodities.

The payments to Californians will be made after Gov. Gavin Newsom and lawmakers reached an agreement on the framework for the 2022-2023 state budget, the governor’s office said Sunday.

The plan will use part of California’s record-breaking $97 billion budget surplus to return money directly to taxpayers.

According to a news release from Newsom’s office, 23 million Californians will receive payments of up to $1,050 as part of a $17 billion “inflation assistance” package.

Under the agreement, those who earn less and are dependent receive larger direct payments.

Singles earning less than $75,000 a year and couples earning less than $150,000 a year get $350 per taxpayer, plus an additional $350 if they have at least one dependent.

So a couple with one child earning less than $150,000 per year would receive $1,050.

Singles earning less than $125,000 a year and couples earning less than $250,000 a year would receive $250 each, with an additional $250 for dependents.

Singles earning less than $250,000 a year and couples earning less than $500,000 a year would each receive $200, plus an additional $200 for dependents.

The package will also include a suspension of the state sales tax on diesel and additional funds to help California residents pay their rent and utility bills. It also added $200 million for reproductive health services after the Supreme Court on Friday made a bombshell decision that was overturned Roe v. calfthe landmark 1973 ruling that provided a constitutional right to abortion.

“California’s budget is meeting the state’s most pressing needs and prioritizing putting dollars back into the pockets of millions of Californians struggling with global inflation and rising prices for everything from gasoline to food,” said Senate President Per Newsom tempore Toni Atkins and Speaker of Parliament Anthony Rendon said in a joint statement.

Gas prices are over $7
Gas prices were quoted above $7 a gallon on June 22, 2022 in Los Angeles, California.
Frederic J. Brown/AFP via Getty Images

“In the face of growing economic uncertainty, this budget invests in California assets while continuing to replenish the state’s fiscal reserves and build triggers for future government spending to ensure fiscal stability for years to come.”

Newsom originally proposed sending $400 payments to registered vehicle owners to help offset high gas prices, but that plan failed to win lawmakers’ support.

It comes as the nationwide average price for a gallon of regular gasoline in California hit an all-time high of $6.44 earlier this month.

The average price on Sunday was $6.32 for a gallon of regular gasoline, while the national average was $4.9, according to the AAA.

https://www.newsweek.com/stimulus-check-update-state-send-out-1050-tax-rebate-1719310 Stimulus Check Update as a state sending out a $1,050 tax refund

Rick Schindler

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