If you live in San Diego, here is great news: an inflation relief package from the state of California is coming your way soon. Qualifying individuals will receive money to help with bills and rising costs where you live. The cost of living in San Diego is over one and a half times more than anywhere else in the country, so this payment will likely help you out with your expenses.
Recently, Governor Gavin Newsom reached an agreement on the framework for the 2022-23 state budget. Part of this budget focuses on giving dollars back into the pockets of millions of Californians who are facing inflation.
How To Get This Money
There are a few qualifications you must meet in order to receive this money. First, you must be a California resident. Second, there are income level thresholds. Single filers making up to $250,000 and couples making up to $500,000 qualify for at least a partial payment. In order to receive a payment, you must have filed your 2020 taxes by Oct. 15, 2021.
How Much Money Will You Get?
This inflation relief package brings tax refunds to millions of residents of California. Specifically, twenty-three million Californians will benefit from direct payments of up to $1,050. You can also estimate how much money you will be receiving by using this tool here on this website. The payments are set to start in late October, reports Nexstar’s California Capitol Bureau.
All payments should be issued by early next year.
What do you think about this news?
Disclaimer: Please note that this article is only for educational and informational purposes.