Inflation relief checks in California: who can collect up to $1,050?

USA: Can President Biden Stop Rising Inflation?

5:45

(CNN Spanish) --

The Governor of California, Gavin Newsom, signed on June 30 a state budget of US $ 308,000 million, which has among its objectives to help the residents of the state to mitigate the impact of the current inflation in USA.

It should be remembered that in May inflation in the United States reached 8.6%, its highest rate since 1981, mainly due to record gasoline prices.

• ANALYSIS |

  Why inflation is so painful for Americans and a political nightmare for Biden

Of the US$ 308,000 million of the budget signed in California, US$ 9,500 million will be destined for direct aid, from which 23 million Californians may benefit, according to a statement from the governor's office.

These direct aid checks are officially called the "Middle Class Tax Refund."

With them, state residents can opt for up to US$1,050, as long as some requirements are met.

Requirements to receive aid checks in California

The "Middle Class Tax Refund" will begin to be deposited to Californians from October of this year and until mid-January 2023.

advertising

You will automatically qualify for this refund if you meet the following 5 requirements:

• Have filed your 2020 tax return by October 15, 2021.

• Meet the California Adjusted Gross Income (CA AGI) established by the California Franchise Tax Board (FTB) in the "What You May Receive" section of this link.

• Have been a California resident for six months or more of the 2020 tax year.

• Not have been eligible to be claimed as a dependent in tax year 2020.

• Be a California resident on the payment issuance date. How much money can I receive from the California inflation relief check?

How much money can I receive from the inflation relief check in California?

To know exactly your CA AGI, you must go to line 17 on your 2020 Form 540, or line 16 on your 2020 Form 540 2EZ. It is important information because with it you will know how much money you have to receive in the "Tax Refund for the middle class.

For example:

• In the case of joint reimbursements, those who have reported a CA AGI of US$150,000 or less on their 2020 return could have direct aid of between US$1,050 and US$700.

• For the same CA AGI, but head of household or surviving spouse, the payment could be between $700 and $350.

Only in the first case can you opt for up to US$ 1,050.

The complete table with the amounts can be found in the "What you could receive" section, which we left you above.

But, if you missed it, click here to see it.

CaliforniaInflation