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Governor Newsom to distribute checks up to $1,050 as a relief against inflation to California residents. How are they going to spend this amount?
In late June, The Governor of California, Gavin Newsom, announced a $9.5 billion budget “to put money back in Californian’s pocket and to invest in the state’s future.” It will be delivered to residents from 7 Oct until Jan. 2023.
Who is eligible for the relief check?
Those who filed their 2020 tax return by 15 Oct 2021 are eligible for the relief fund. The amount varies based on the household’s annual income.
The minimum amount is $200 for the head of household, making annual income between $250,001 to $500,000. A married couple with dependents who filed a joint income of less than $150,000 will get an amount of $1050. Households making more than $500,001 annually are not qualified for the relief fund. People can check their eligibility in detail here.
California’s stance on cryptocurrency.
California has various investment and tech-savvy ci
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