California Gov. Gavin Newsom says $9.5 billion in middle class tax refund payments have begun to go out to Californians.
The payments are beginning as gas prices in the state have been setting new record highs. In a statement from his office, Newsom says "this unprecedented refund program to get money back in the pockets of Californians builds upon last year’s Golden State Stimulus, which distributed $9 billion to California families, and the billions that went to help folks pay their rent, cover overdue utility bills and support small businesses."
“We know it’s expensive right now, and California is putting money back into your pockets to help. We’re sending out refunds worth over a thousand dollars to help families pay for everything from groceries to gas," said Governor Newsom
The governor's office says the payments will range from $400 to $1,050 for couples filing jointly and $200 to $700 for all other individuals depending on their income and whether they claimed a dependent. Refunds are available for ITIN filers, in addition to those who file tax returns with a SSN.
A total of 18 million payments will be distributed, benefitting up to 23 million Californians. An estimated 8 million direct deposits will start arriving in bank accounts from October 7 through November 14, and an estimated 10 million debit cards will be delivered from October 25 through January 15. To determine your eligibility, visit taxrefund.ca.gov.
(Photo Getty Images)