As a result of rising inflation, most Californians who filed their taxes in 2020 will receive

A one-time payments totaling about $9.5 billion from the state starting in October.

Several details and a calculator are available on the Franchise Tax Board's web page to estimate your payment.

Gavin Newsom signed the bill AB192, authorizing the payments without any opposition.

According to the tax board, these payments are Middle-Class Tax Refunds.  However, the bill described these payments as Better for Families Refunds.

The program is also available to couples making up to $500,000 in adjusted gross income in 2020 and to individuals making up to $250,000.

Almost all of it will go to middle class families, just by sheer numbers," said the bill's co-author. 

The following are some questions and answers about the refunds and how they compare with the previous year Golden State Stimulus payments. 

In order to be eligible for a refund, you must file your 2020 California tax return by Oct. 15, 2021. 

Who is eligible for this Rebate?

or by Feb. 15, 2022, if you applied for a fresh Tax number but were not received by Oct. 15, 2022. 

To receive the payments, the following criteria must meet.

You must meet the income requirements set by the state franchise board.

You should be in California at least in 6 months in the year 2020.

You should be a California resident on the date of the issuance if the Payment.

You no longer eligible to claim as a dependent on another person's 2020 tax return. 

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