Six months after it was initially proposed by Gov. Gavin Newsom as relief over high gas prices, the state of California announced when it will be sending all eligible residents “inflation relief” tax refund payments.
To receive these benefits, which were approved as part of a 2022-2023 state budget surplus, individuals must have completed a 2020 California tax return and make no more than $250,000 individually or $500,000 if filing jointly. (All numbers listed must reflect filer income in the 2020-2021 tax year.) Refunds will be sent starting in October and will run through January 2023. In total, the state will send out an estimated $9.5 billion to Californians.