Get ready for another one-time stimulus check to hit your bank accounts! According to the California Franchise Tax Board, the Golden State Stimulus Check will support low-income Californians and help those having a hard time due to the pandemic. Depending on if you hit all of the Golden State stimulus check eligibility requirement and your yearly income, you could receive a one-time payment of $600 or $1,200. The eligibility requirements include:
- You must have filed your 2020 taxes
- You lived in California for more than half of the 2020 tax year
- You're a California resident on the date the payment is issued
- You're not eligible to be claimed as a dependent
- You are an individual taxpayer identification number filer who made $75,000 or less or you are a California earned income tax credit recipient
Keep in mind that there is a deadline and you must file your 2020 tax returns by October 15th, 2021. According to the California Franchise Tax Board website, the stimulus checks have been expedited so if you're eligible you'll receive the payment within 45 days of filing your taxes.
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