California Governor Gavin Newsom and legislature leaders announced a spending deal earlier this year aimed at helping some of those hardest hit by the pandemic. The plan includes several rounds of stimulus checks, some of which will hit bank accounts soon.
The original plan was to help low-income families. In May Newsom announced that the plan would be extended to middle-income families.
Here’s What You Should Know About Golden State Stimulus Checks.
What should I do?
If you qualify, all you need to do is file a 2020 tax return by October 15.
Am i qualified?
If you meet the following criteria, you will qualify.
- Submit your taxes for 2020 by October 15.
- Your California Adjusted Gross Income (CA AGI) is $ 1 to $ 75,000 for the 2020 tax year.
- You have a wage of $ 0 to $ 75,000 for the 2020 tax year.
- You are a California resident for more than half of the 2020 tax year.
- You are a California resident at the time of payment.
- They cannot be claimed as dependent by another taxpayer.
Click here for a full list of qualifications.
When can I count on the money?
The last payment round is expected to start in September.
Most direct payments are issued between September 1st and October 31st. If your tax return was filed after September 1st, you can expect payment approximately 45 days after your tax return has been processed.
For paper checks, payment will be made after the last three digits of the postcode on your 2020 tax return. If your tax return is processed on or after the date of your scheduled postcode payment, it may take up to 60 days for your tax return to be processed.
How much money do I get?
You can use the table below to determine your amount. Expect to pay $ 500 or more.
Do you need help? Click Here For Help With Your Golden State Stimulus.
Comments are closed.