SACRAMENTO — Governor Gavin Newsom confirmed on Thursday that the state will send $9.5 billion in tax refunds Friday to help Californians fight inflation.
The so-called Middle Class Tax Refund payments of up to $1,050 that will benefit millions of eligible Californians under the largest such program in state history, according to a press release issued by the governor’s office. More than 23 million residents, including those who do not have US citizenship, will receive the refund to help them meet the rising costs of gas and groceries.
The release said the program to “put money back into Californians’ pockets” is an extension of the 2021 Golden State Stimulus, which distributed $9 billion to families, and the billions in pandemic emergency funds that helped residents pay back rent and coverage. utility bills to pay in addition to supporting small businesses.
“We know it’s expensive right now, and California is putting money back in your pockets to help. We’re sending back more than $1,000 to help families pay for everything from groceries to gas,” Newsom said.
Newsom also tweeted about the refund on Thursday morning.
According to the governor’s office, payments will range from $400 to $1,050 for couples who filed their taxes jointly and $200 to $700 for all other individuals, depending on their income and whether they claim a dependent. A total of 18 million payments will be distributed, with an estimated 8 million direct deposits arriving in bank accounts between October 7 and November 14.
In addition, an estimated 10 million debit cards will be delivered to eligible California residents from October 25 to January 15. To determine your eligibility and get an estimate of your refund, residents can visit taxrefund.ca.gov.
“The high cost of daily necessities has forced many to cut corners or make impossible choices, and the pain at the pump has been exacerbated by the return of the commute to work for many Californians,” said Betty T. Yee, tax committee chair. of the State and the Franchise. “As the holidays approach, my team members are excited to get these payments into the hands of those who are struggling so they can enjoy a measure of relief.”