California Gov. Gavin Newsom and state lawmakers late Sunday announced a budget deal that will provide “inflation relief” payments of $200 to $350 per person for most state residents.
Persons earning less than $75,000 per year would receive $350 as part of tax refunds in the $17 billion agreement while couples making less than $150,000 who file jointly are eligible for $700.
Families in those categories with a dependent can qualify for another $350, meaning some families could see up to $1,050.
Millions of California tax filers are expected to see payments through direct deposit or debit cards by October.