California FTB Announces Golden State Stimulus Payment Eligibility Requirements for Individual Income Taxpayers

The California Franchise Tax Board Feb. 23 announced that the state will provide the Golden State Stimulus payment to qualifying individual income taxpayers, to support low-income state residents and help those facing hardship due to COVID-19. Taxpayers may qualify for this payment if they filed their 2020 taxes and either: 1) receive the California Earned Income Tax Credit (EITC); or 2) file with an Individual Taxpayer Identification Number and make $75,000 or less. The announcement also includes qualifications for the EITC, how and when payments will be made, the amount of the payment, and how to check on payment status. ...