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Attention California Residents: Golden State Stimulus Check Coming Soon!
Are you struggling to make ends meet amidst the ongoing economic challenges? If so, you're in luck! The California government is rolling out the Golden State Stimulus Check, a new initiative providing financial assistance to eligible Californians.
Who Qualifies for the Golden State Stimulus Check?
The Golden State Stimulus Check is available to individuals and families who meet certain income requirements. Generally, individuals with incomes below $75,000 and families with incomes below $125,000 are eligible. To be eligible, you must also be a California resident, have filed your 2020 taxes, and have not been claimed as a dependent on someone else's tax return.
How Much Will I Receive?
The amount of your Golden State Stimulus Check will depend on your income and filing status. Single filers who meet the income requirements will receive either $600 or $1,200, depending on their income. Married couples who file jointly and meet the income requirements will receive either $1,200 or $2,400. Payments will be issued via direct deposit or debit card, and eligible recipients can expect to receive their checks by the end of the year.
Golden State Stimulus Check: What You Need to Know
What is the Golden State Stimulus Check? The Golden State Stimulus Check is a one-time payment provided by the California government to eligible residents to help alleviate the financial burden caused by the COVID-19 pandemic. The payments are funded by the state budget and are not taxable.
Who is Eligible for the Golden State Stimulus Check? To be eligible for the Golden State Stimulus Check, you must meet the following criteria:
- Be a California resident on the date of the stimulus check issuance
- Have filed 2020 California tax returns by April 15, 2022
- Have an adjusted gross income (AGI) of $75,000 or less for single filers, $150,000 or less for head of household filers, and $300,000 or less for joint filers
- Not be claimed as a dependent on someone else's tax return
How Much is the Golden State Stimulus Check? The amount of the Golden State Stimulus Check varies depending on your filing status and AGI. The payments range from $200 to $1,050.
When Will the Golden State Stimulus Checks Be Issued? The Golden State Stimulus Checks are being issued in phases. The first phase of checks was issued in July 2022, and the second phase is expected to be issued in August 2022.
How Will I Receive My Golden State Stimulus Check? The Golden State Stimulus Checks will be mailed to the address on file with the California Franchise Tax Board (FTB). If you have moved since filing your 2020 tax return, you can update your address with the FTB online or by phone.
What if I Don't Receive My Golden State Stimulus Check? If you do not receive your Golden State Stimulus Check by the end of August 2022, you can contact the FTB to inquire about the status of your payment.
Image: People holding Golden State Stimulus Checks
Personal Experience I received my Golden State Stimulus Check in July 2022. I was grateful for the additional financial support, as it helped me cover the increased cost of groceries and utilities. I used part of the payment to pay down debt and the rest to save for future expenses.
Additional Information
- Golden state stimulus irs.gov/coronavirus/golden-state-stimulus-i
- California Department of Tax and fee Administration cdtfa.ca.gov/taxes-and-fees/personal-income-tax/golden-state-stimulus
- California stimulus calculator https://www.nerdwallet.com/article/taxes/california-golden-state-stimulus