Millions of Americans will receive an amount of $1,050 in direct payments until January 2023 to help them combat the effect of the soaring inflation rate.
Millions of Americans will receive $1,050 direct payments until January 2023. (Photo: MARCA)
$1,050 Direct Payments
Millions of Americans rely on extra money from the federal government to meet their daily needs every day. Local officials from various states have different programs as well to ensure that their residents will have more money in their pockets amidst the increasing inflation rate.
Gov. Gavin Newsom announced that around 9 million Californians will receive an amount between $200 to $1,050 in direct payments in direct payments until January 2023. The state’s Franchise Tax Board (FTC) also announced that the first wave of direct payments was distributed in October.
As of this time, around 6,955,276 direct deposits have been issued and 3,592,026 debit cards have been mailed, according to a published article in The U.S. Sun. It is estimated that around 19 million Californians have benefited from this program.
How To Become Eligible?
If they submitted their 2020 tax return before October 15, 2021, many Californians were qualified. If you wanted a tax identification number but were unable to obtain one during the October deadline, you must submit it by February to qualify. Additionally, you must have lived in California for at least six months in 2020.
You also need to have the following adjusted gross income:
Single or married/registered domestic partner filing separately
- CA AGI: $75,000 or less – $700 with a dependent, $350 without dependent
- CA AGI: $75,001 to $125,000 – $500 with a dependent, $250 without dependent
- CA AGI: $125,001 to $250,000 – $400 with a dependent, $200 without dependent
Married/registered domestic partner filing jointly
- CA AGI: $150,000 or less – $1,050 with a dependent, $700 without dependent
- CA AGI: $150,001 to $250,000 – $750 with a dependent, $500 without dependent
- CA AGI: $250,001 to $500,000 – $600 with a dependent, $400 without dependent
Head of household or qualifying widower
- CA AGI: $150,000 or less – $700 with a dependent, $350 without dependent
- CA AGI: $150,001 to $250,000 – $500 with a dependent, $250 without dependent
- CA AGI: $250,001 to $500,000 – $400 with a dependent, $200 without dependent
