Culver City Observer -

Gas Rebates Start Hitting Bank Accounts Today

 

October 13, 2022

Starting today, California is issuing gas tax rebates to millions of residents to help offset high prices at the pump.

About $9.5 billion in “tax refund” payments will begin going out to Californians, with refunds of up to $1,050, Gov. Gavin Newsom announced this week.

“We know it’s expensive right now, and California is putting money back into your pockets to help. We’re sending out refund’s worth over a thousand dollars to help families pay for everything from groceries to gas,” said Governor Newsom.

Payments will range from $400 to $1,050 for couples filing jointly and $200 to $700 for all other individuals depending on their income and whether they claimed a dependent.

A total of 18 million payments will be distributed, benefitting up to 23 million Californians. An estimated 8 million direct deposits will start arriving in bank accounts from October 7 through November 14, and an estimated 10 million debit cards will be delivered from October 25 through January 15.

“Inflated costs for everyday necessities have forced many to cut corners or make impossible choices, and pain at the pump has been compounded by the return of the commute for many Californians” said State Controller and Franchise Tax Board Chair Betty T. Yee. “As the holidays approach, my team members are thrilled to be able to get these payments into the hands of those who have been struggling, so they can enjoy a measure of relief.”

Californians will receive their payment by direct deposit or debit card. Direct deposit payments will be made to eligible taxpayers who e-filed their 2020 CA tax return and received their CA tax refund by direct deposit. In general, other gas rebates will be issued on debit cards.

Refund debit cards are expected to be mailed between October 25 and Dec. 10 for Californians who received GSS I and II, with the balance mailed by Jan. 15, 2023. About 95% of all refund payments – direct deposit and debit cards combined – are expected to be issued by the end of this year.

For a complete list of requirements and other rebate questions, visit taxrefund.ca.gov

or call 800-542-9332.

 

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