California Resident Tax Rebate Has Been Approved
Tax Refunds are coming from California: Gov Newsom signed the bill. See below for details.
California tells us that the first round of rebates can be expected in October
There's nothing you need to do to register for the refunds: if you qualify per below, you'll be sent the funds.
June 30, 2022
If you are a California resident, please read on......
Gov Newsom and the California State Assembly are proposing tax refunds to some California residents, to help with sharply rising prices. Here's what's being proposed:
AB 192/SB 192 authorizes approximately $9.5 billion in tax refunds, ranging from $400 to $1,050 for married filing joint and $200 to $700 for all other taxpayers depending on their California AGI, and whether they claim any dependent credits. The refunds will apply to anyone earning up to $500k. See attached pdf for specifics about who qualifies for what amounts:
To qualify, the taxpayer must:
Be a California resident on the date the payment is issued, and for at least six months during the 2020 calendar year;
Have filed their 2020 tax return by October 15, 2021; and
Not be claimed as a dependent on another taxpayer’s 2020 California tax return.