Ref: CA budget deal 6/28/22.
The CA Governor and Legislature have reached a 2022-23 budget agreement containing refunds to return to taxpayers some of the current large budget surplus. The bills have not yet been voted on by the California General Assembly. IF PASSED, they will provide refunds to CA taxpayers. Qualifications:
- Be a CA resident when the payment is issued and for at least six months during 2020;
- Have filed the 2020 individual tax return by October 15, 2021;
- And, not be claimed as a dependent on another taxpayer’s 2020 return.
The timing and method of payment are not yet determined.
A chart of the table for specific refund amounts is at:
www.caltax.com/files/2022/cataxrefunds.pdf
