SACRAMENTO, Calif. — Millions of Californians are set to get “inflation relief” payments after an agreement was reached Sunday on the 2022-23 state budget.
“The centerpiece of the agreement, a $17 billion inflation relief package, will offer tax refunds to millions of working Californians. Twenty-three million Californians will benefit from direct payments of up to $1,050,” according to a joint statement from Gov. Gavin Newsom, Senate President pro Tempore Toni G. Atkins and Assembly Speaker Anthony Rendon.
Who can get “inflation relief” payments?
Taxpayers would receive either $350, $250 or $200 based on their income level with an additional payment of the same amount if they have at least one dependent.
- Single filers who make less than $75,000 would get $350.
- Joint filers with an income under $150,000 would receive $700. If they have at least one dependent, they will receive an additional $350
What else is in the budget?
- Gas Tax
- Climate Change
- Health Care & Education
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