When do California incentive checks go out, who is eligible and how to check the amount? – Community News
Stimulus Check

When do California incentive checks go out, who is eligible and how to check the amount?

California is sending out another round of Golden State Stimulus checks, earning millions of qualified residents up to $1,100.

The stimulus payments — dubbed the Golden State Stimulus II — were approved under a $100 billion budget plan signed by Governor Gavin Newsom earlier this week that aims to boost California’s economic recovery after a year of pandemic-related shutdowns.

Under the plan, eligible individuals will receive $600, while those with dependents will receive an additional $500. And people who qualified for the first Golden State Stimulus payment and claimed survivors earlier this year will receive another $500 or $1,000 payment, according to California’s Franchise Tax Board.

Between the two stimulus measures, California will send about $12 billion in direct payments to residents of the nation’s most populous state, making it the largest state tax cut in history, according to the governor’s office. It is estimated that two out of three Californians will benefit from this.

Because the payment is based on the 2020 tax return, people who have not yet filed one must do so by Oct. 15 of this year to receive a check, state officials say.

When do the checks go out?

Payouts are expected to begin in late August, provided your tax returns from last year have already been processed.

The state has a Wait Times dashboard with information about tax filing and refund time frames.

Who is eligible?

To qualify for the payment, you must have been a resident of California for more than half of last year, still reside in the state, have adjusted gross income between $1 and $75,000, wages of $75,000 or less and cannot be claimed by anyone else as a dependent. You must also have a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN).

Some of the nearly 6 million people who qualified for the first check sent by the state — Golden State Stimulus I — may also get the second payment. Those with an SSN who claimed credit for at least one dependent are eligible for another $500 payment, while anyone with an ITIN who claimed credit for a dependent can get an additional $1,000, tax officials say. of the state.

Unlike the federal incentive checks, there is no higher income threshold for different tax return statuses. That means even married couples filing jointly and those filing as heads of household are also limited to the $75,000 limit. (Married couples filing separately, however, have income levels of $37,500 per person and can get $300 and $550 if they have at least one dependent, according to the state’s online eligibility check tool. More on that below.)

Another key difference between the federal and state incentive checks is the tax return, which excludes those who normally don’t file income taxes. The IRS launched a no-filers tool specifically for those eligible for the Economic Impact Payments and the Advanced Child Tax Credits so they wouldn’t miss out.

How to check the amount?

California has an online tool that allows residents to see if they are eligible for Golden State Stimulus II and check the estimated payment amount.

The tool asks a series of questions, including an individual’s tax return status, adjusted gross income reported on their 2020 return, and whether they have dependents. It then gives an estimated monetary figure.

Those who qualify for a stimulus check may receive the money in more than one payment, the estimate said.

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