Newsom, lawmakers plan to provide more than $9 billion in gas refunds to Californians
An individual who earns up to $75,000 a year would receive a $350 refund, which would double to $700 for joint filers earning as much as $150,000. Households would receive an additional $350 payment if they claimed any dependents, for a maximum refund of $1,050.
Individuals who earn up to $250,000 would receive $200, and joint filers with income of as much as $500,000 would receive $400. Households with dependents would receive an extra $200, making this income bracket eligible for a maximum of $600.Last weektotaling more than $300 billion, a framework that included their initial proposal to provide $8 billion in tax refunds.
Under the new agreement, money for refunds would increase by $1.5 billion above the Legislature’s initial plan.
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