Two-Thirds of Californians to Receive Golden State Stimulus Payments
Under the second stimulus package approved by Governor Newsom on Monday, roughly two-thirds of Californians can expect a $600 payment, thanks to the second phase of the Golden State Stimulus. Additional $500 payments will also be sent to families with dependents and to undocumented families. To receive these funds, taxpayers must:
- File 2020 taxes by October 15
- Have a California adjusted gross income between $1 and $75,000
- Have wages of $75,000 or less
- Have lived in California for more than half the 2020tax year
- Be a California resident when the stimulus check is issued
- Not be eligible to be claimed as a dependent on someone else’s taxes
The timing of when a taxpayer receives their payment is based on when they filed their 2020 tax return, with those who filed before March 1 receiving the payments first. Similar to the first phase of the Golden State Stimulus, these payments will not be treated as taxable income in California.
You can read more about the Governor’s California Recovery Plan, which includes additional renters assistance and small businesses relief programs,
here.