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California plans ‘inflation relief’ checks. Will other states follow?

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Who may qualify for ‘inflation relief’ checks

Those with up to $75,000 in income, or $150,000 if married and filing jointly, will receive up to $350 per tax filer, plus $350 if they have one or more dependent. Thus, joint filers with at least one dependent stand to receive the highest possible sum of $1,050.

California filers with incomes above that first tier, but less than $125,000 in income if single or $250,000 if married and filing jointly, may receive $250 per filer, plus another $250 if they have at least one dependent.

Those with incomes above that second tier but below another set of thresholds — individuals with less than $250,000 in income, or $500,000 if filing jointly — may…



Source cnbc.com

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