Millions of US Residents Could Get New Stimulus Checks Worth Up to $1,050

More than half of California’s residents may soon get a stimulus check from the state, Governor Gavin Newsom’s office announced earlier this week. As part of an inflation relief plan worth $17 million, an estimated 23 million eligible Californians would get payouts, reaching up to $1,050 per individual, later this fall. The assistance package will be paid for by a record-setting $97 billion state budget surplus.

“That’s more money in your pocket to help you fill your gas tank and put food on the table,” Gov. Newsom stated Sunday in a tweet describing the package as a “middle-class rebate.”

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How the Payments Will Function?

Whether or not a California resident is eligible will depend on how much money they make and how many people depend on them. A preliminary summary of the proposed budget says that the amounts are based on three tiers for both single and joint filers:

Single tax filers will obtain:

  • $350 if they make less than $75,000 per year
  • $250 if they make between $75,001 and $125,000 per year
  • $200 if they make between $125,001 and $250,000 per year

Joint tax filers will obtain:

  • $700 if they make less than $150,000 per year
  • $500 if they make between $150,001 and $250,000 per year
  • $400 if they make between $250,001 and $500,000 per year

It is possible to obtain an additional amount of either $350, $250, or $200 if you have at least one dependent. A Newsom administration official told the Sacramento NBC affiliate KCRA that checks will be sent by direct deposit or debit card by the end of October.

The state will also suspend the diesel sales tax — which is already 23 cents per gallon — for 12 months, starting October 1. Local transportation infrastructure projects, as well as rent and utility expense alleviation programs, will all receive funding. Stay tuned with us only on Lee Daily

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