Latest News California Stimulus Tax Relief Package Passed: Find Out if You May Receive Up to $1,050 in Relief Payments Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxLisa Published Sep 27, 2022 3 min read Governor Newsom signed a new $307.9 billion state budget this week which includes a 17 billion stimulus relief package to help Californian families. As part of the package, families will receive, the Middle Class Tax Refund, a one-time payment up to $1,050 to help ease the burden of high gas prices and inflation. If you’re wondering exactly what the California Stimulus Relief Package includes and what it means to you, don’t worry we have you covered. Here are some frequent questions along with some answers to help you understand what’s included. How Much California Stimulus Tax Relief Payment Will I Receive? Stimulus relief payments will be based on three income brackets. The income brackets and rebates are as follows: Single filers earning $75,000 or less and joint filers earning $150,000 or less may be eligible for $350 per tax filer and another $350 if you claim at least one dependent. Note the $350 is not per dependent, but it is a one time amount, so a married couple claiming dependents making $150,000 or less will receive $1,050($350 per tax filer plus $350 for claiming a dependents).Single filers earning between $75,001 to $125,000 and joint filers earning between $150,001 to $250,000 will receive $250 per tax filer and another $250 if they have dependents.Single filers earning between $125,001 to $250,000 and joint filers earning between $250,001 to $500,000 will receive $200 per tax filer plus another $200 if they have dependents.Head of Household filers earning $150,000 or less may be eligible for $350 or $700 if you claim at least one dependent. Note the $350 is not per dependent but is a one time amount. Head of Household filers earning between $150,001 ro $250,000 will receive $250 or $500 with dependent(s). Head of Household filers earning between $250,001 to $500,000 will receive $200 or $400 with dependent(s). Note that single filers earning $250,001 or more are not qualified to receive a payment. Joint filers or Head of Household filers earning $500,001 or more are not qualified to receive a payment. When Will I Get My Stimulus Tax Relief Payment? Californians are expected to receive payments between October 2022 and January 2023. How Will I Get My Stimulus Tax Relief Payment? The Franchise Tax Board will begin sending payments out in October. Taxpayers must have filed their complete tax year 2020 tax return by 10/15/21. Those who applied for an Individual Taxpayer Identification Number by 10/15/21, and filed their complete 2020 tax return on or before 2/15/22 meet the eligibility criteria. Generally, if taxpayers filed electronically and received their 2020 tax refund by direct deposit, then they should receive their payment the same way. Otherwise, taxpayers will receive their payment on a debit card. Garnishments of the checks may also be possible if you owe child support, spousal support, family support or for restitution of victims following a crime. How Do I Know If I am Eligible? You are eligible if you: Filed your 2020 tax return by October 15, 2021 Meet the California adjusted income (CA AGI) limits discussed above For your CA AGI, go to Line 17 on your 2020 Form 540 or Line 16 on your 2020 Form 540 2EZWere not eligible to be claimed as a dependent in the 2020 tax year Were a California resident for 6 months or more during the 2020 tax yearAre a California resident on the date the payment is issued What If I Don’t File Taxes? Starting on January 1, 2023, those who are not required to file taxes may see more money if they receive Supplemental Security Income. The budget that was passed boosts Supplemental Security Income by $39 per month for individuals and $100 for couples. What Other Benefits Will Be Available? Some of the other benefits passed in the budget include: Utility payment assistanceExpanded tax credits for paid sick leave grantsSuspension of sales tax on diesel fuel Check back with the TurboTax blog for more updates on the California Stimulus Relief Package and any other relief packages being passed. Previous Post IRS Provides COVID Penalty Relief for Late 2019 and 2020 Tax… Next Post IRS Provides Tax Relief for Victims of Hurricane Ian Written by Lisa Greene-Lewis Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis Follow Lisa Greene-Lewis on Twitter. 2 responses to “Californians: You May Receive Up to $1,050” confused – based on 2020 taxes filed in 2021 OR 2021 filed in 2022? Reply Hi, According to the Franchise Tax Board, the payment will be based on your tax year 2020 taxes filed in 2021. Please find more information here: https://www.ftb.ca.gov/about-ftb/newsroom/middle-class-tax-refund/index.html?WT.mc_id=akMCTR_index Best, Lisa Reply Leave a ReplyCancel reply Browse Related Articles Tax News What You Need to Know About the Proposed California Gas… Tax News Second Coronavirus Relief Package: What Does it Mean fo… Tax News What the First Coronavirus Stimulus Package Means for Y… Tax News How to Estimate Your Stimulus Check [Infographic] Tax News Am I Getting a State Stimulus Check? Tax News TurboTax Launches Stimulus Check Calculator Tax News Stimulus Check Phishing Scams: TurboTax Tips to Prevent… Tax News Am I Required to File My Taxes to Get a Stimulus Check? 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Hi, According to the Franchise Tax Board, the payment will be based on your tax year 2020 taxes filed in 2021. Please find more information here: https://www.ftb.ca.gov/about-ftb/newsroom/middle-class-tax-refund/index.html?WT.mc_id=akMCTR_index Best, Lisa Reply