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CASH ASSISTANCE

About 23million Americans set to get up to $1,050 in direct payments under new agreement – see if you’re eligible

MILLIONS of Americans are in line to get up to $1,050 in payments.

Governor Gavin Newson of California, along with state President Toni G. Atkins and Assembly Speaker Anthony Rendon have struck a deal on the budget for 2022-2023. 

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The payments would start going out in the fall

Included in the package is $17billion worth of inflation relief in form of tax rebates

“California’s budget addresses the state’s most pressing needs and prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices of everything from gas to groceries,” A statement from Governor Newsom’s office read.

“Twenty-three million Californians will benefit from direct payments of up to $1,050.” 

Currently, California gas prices are averaging a whopping $6.32 per gallon, according to the AAA

The national average, in comparison, is $4.90 per gallon.

Who is eligible? 

Eligibility and how much you receive will depend on income, filing status and if you are claiming a dependent.

For example, single filers making less than $75,000 will get $350, as reported by KCRA Channel 3 Sacramento.

Married couples with incomes less than $150,000 would get $700. 

But they could get another $350 if they have at least one dependent, bringing the total amount to claim to $1,050.

Assuming it becomes law, the state would start issuing the payments via debit cards and direct deposit by late October.

All rebates would be issued by the year’s end or early 2022.

Other benefits in the budget 

Additionally, there are other provisions in the deal that would help Californian residents.

One of them includes a halt of the state’s diesel sales tax, which is currently pegged at 23 cents per gallon.

This temporary measure would be in place for 12 months. 

The budget would also allocate $47billion worth of funding towards health care, education, free school meals and mental health. 

Moreover, Mr Newsom’s office claimed that California would become the first state to adopt “universal access to health care coverage.” 

However, the details on this are bleak at the moment. 

Who else is sending out money? 

This week alone, thousands of residents will be getting cash. 

More than 200,000 low-income workers in Oregon are getting $600 stimulus checks. 

To be eligible, you need to qualify for and claim the Earned Income Tax Credit on your 2020 tax return. 

Up to 200,000 residents in Maine are getting $850 checks this week.

As far as income goes, an individual must not exceed $100,000, while heads of the household and couples can make up to $150,000 and $200,000 respectively.

Moreover, roughly 4.3million who live in Indiana have started to see tax rebates hit their bank accounts, which will continue through mid-summer.

They are worth $125 for eligible singles, and $250 for couples.

Paper checks are set to be issued in July or August.

For more on how you can get money, see the 41 cities and states offering universal basic income. 

Plus, nine banks are offering $1,500 in summer bonuses.

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