When to expect your Golden State Stimulus payment – NBC Los Angeles

0

California Governor Gavin Newsom and legislative leaders announced a spending deal earlier this year to help some of the people hardest hit by the pandemic. The plan includes several rounds of stimulus checks, some of which are expected to arrive on bank accounts soon.

Initially, the 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 need to know about Golden State Stimulus controls.

What should I do?

If you qualify, all you need to do is file a 2020 tax return by October 15th.

Am I eligible?

If you meet the following criteria, you are eligible.

  • File your 2020 taxes before October 15th.
  • Your California Adjusted Gross Income (CA AGI) is $ 1 to $ 75,000 for the 2020 tax year.
  • You have a salary of $ 0 to $ 75,000 for the 2020 tax year.
  • You’ve lived in California for more than half of fiscal year 2020.
  • You are a resident of California on the date the payment is issued.
  • You cannot be claimed as a dependent by another taxpayer.

Click on here for a full list of qualifications.

When can I expect to see the money?

The last round of payments was due to start in September.

Most direct deposit stimulus payments will be issued between September 1 and October 31. If your tax return was filed after September 1, expect payment about 45 days after your return is processed.

For paper checks, payments will be made by the last three digits of the zip code of your 2020 tax return. If your tax return is processed on or after the date of your zip code payment, allow up to 60 days after the processing of your declaration.

How much money will I receive?

You can use the table below to determine your amount. Expect a payout of $ 500 or more.

Need help? Click here for help with your Golden State Stimulus.


Source link

Share.

About Author

Leave A Reply