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Representation. A COVID-19 stimulus check. Pixabay

KEY POINTS

  • Californians making less than $500,000 a year may receive between $200 and $1,050
  • The checks would depend on the income and family size of the recipient
  • The state expects to send out the payments to as many as 23 million Californians

The government of California is set to disburse millions of stimulus checks to Californians this week as part of an effort to help residents cope with rising gas prices and increasing cost of living.

California is expected to issue roughly 2.8 million inflation relief checks by the end of the week. This comes on top of the 700,000 checks that were already issued on Oct. 7, KCRA 3 reported, citing an email it received from the California Franchise Tax Board.

Californians would be eligible to receive their stimulus checks if they had filed for their 2020 tax return before Oct. 15, 2021; were not eligible to be claimed as dependents in the 2020 tax year; have been California residents for six months or more in the same tax year; and are state residents on the date the payment is issued, according to guidelines posted by the Franchise Tax Board.

Additionally, Californians would have to meet a certain income threshold to be eligible for inflation relief payments. Californians making less than $500,000 a year may receive between $200 and $1,050, depending on their income and family size. Single taxpayers earning more than $250,000 and joint filers making more than $500,000 annually would not be eligible to receive the payments.

More stimulus checks will be issued through Oct. 25, with remaining payments arriving between Oct. 28 and Nov. 14. The last batch of inflation relief payments will be sent in the form of debit cards by Jan. 15, 2023. In total, the state expects to send out the payments to as many as 23 million Californians.

Several other states are also preparing to send out direct payments to their residents amid a lack of federal stimulus checks.

In Delaware, authorities began sending $300 in relief rebate payments to taxpayers who filed a return in 2020 in May. The state government will continue to issue the checks throughout October.

In Hawaii, individuals who made less than $100,000 or couples filing jointly who earned under $200,000 in 2021 can receive a tax rebate worth $300. While the state began issuing the payments on Sept, 9, paper checks will likely not go out until later this month, according to CNET.

The Federal Reserve's stimulus policies have been credited with helping the US economy recover from the Covid-19 pandemic
The Federal Reserve's stimulus policies have been credited with helping the US economy recover from the Covid-19 pandemic AFP / Daniel SLIM