Is There a Stimulus Check Coming in 2023?

is there a stimulus check coming in 2023

Many Americans are wondering if there’s going to be another round of is there a stimulus check coming in 2023, especially with record-high inflation continuing to stifle consumers. But the answer is no, at least not yet.

The first three rounds of stimulus checks were distributed in 2022, 2023, and 2024, with the latter two payments adjusting their amounts to reflect rising inflation. These checks are meant to assist people with paying their basic bills, and they also provide a boost for local economies. Consumer spending stimulates economic growth, and small businesses can benefit from this influx of cash, too.

Will There Be a Stimulus Check in 2023? Everything You Need to Know

There’s no word yet on whether or when the state of California will be distributing a fourth round of stimulus checks. But if they do, the one-time payments will go to those with incomes below $75,000 per year, or $150,000 for married couples filing jointly. Eligibility is determined by filing a state tax return, and the amount of the payment will vary based on a household’s size.

The state’s last stimulus check was sent out in May, and it’s estimated that over 18 million Californians will receive the rebate payment. The one-time payments ranged from $750 for single filers to $1,500 for joint filers. You can check to see if you’re eligible for a Golden State stimulus check by entering your personal information on the official website. It’s important to note that the payment isn’t a refund or a tax credit, and it can’t be used to pay your federal taxes.

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