Two More Stranded East County Families Make It Out
Newsoms office said on Thursday that the second round of Golden State Stimulus payments was set to start going out Aug. 27. The payments, available to Californians making $75,000 or less per year, were approved under Newsoms $100-billion budget plan that aims to spur economic recovery in the state following a year of pandemic-related shutdowns.
Under the Golden State Stimulus II, eligible residents will get up to $600, with an additional $500 going to people with at least one dependent.
The Friday rollout is earlier than the date listed on the California Franchise Tax Boards website, which states most direct deposits are expected to be issued starting Sept. 1.
Most Californians who qualify will not need to do anything to receive the payment other than file 2020 tax returns, which are due by Oct. 15. The Franchise Tax Boards Help with Golden State Stimulus and Golden State Stimulus II Estimator have information about who qualifies.
California Stimulus Check Status Amount Eligibility And Latest Updates
Everything you need to know about Golden State Stimulus
As Americans await the possibility of a fourth stimulus check, many California residents are set to receive a state-specific relief payment known as the Golden State Stimulus. The Golden State Stimulus is the product of an extra $10.3 billion in revenue from the states progressive income tax.
While the first phase of this benefit program distributed checks totaling $600 or $1,200 to some Californians, a second round of payments recently passed and expands eligibility to include nearly two-thirds of all state residents.
But who gets what is confusing, as payouts for Golden State Stimulus II depend on the number of dependents you claim and whether you were eligible for the first round . Heres everything you should know about Californias stimulus checks.
Who Is Eligible For The Second Stimulus Check
Eligibility is primarily based on four requirements:
1. Income: The income requirements to receive the full payment are the same as the first stimulus check.There is no minimum income needed to qualify for the payment. Households with adjusted gross income up to $75,000 for individuals will receive the full payment. This stimulus payment starts to phaseout for people with higher earnings. The second stimulus check maximum income limit is lower than the first stimulus check. Single filers who earned more than $87,000 in 2019 are ineligible for the second stimulus check.
View the chart below to compare income requirements for the first and second stimulus checks.
|Income to Receive Full Stimulus Payment||First Stimulus Check Maximum Income Limit||Second Stimulus Check Maximum Income Limit|
2. Social Security Number: This requirement differs from the original eligibility for the first stimulus check. Originally under the first stimulus check, if you were married filing jointly, both spouses needed valid Social Security numbers . If one spouse had an Individual Taxpayer Identification Number , then both spouses were ineligible for the stimulus check. For married military couples, the spouse with an SSN could still get the stimulus check for themselves but not the other spouse with an ITIN.
Former first stimulus check rules:
Second stimulus check rules:
Former first and second stimulus check rules for military filers:
Read Also: Social Security Stimulus Check 2021
Who Is Eligible For Golden State Stimulus Ii
There are four main criteria for receiving a check for this second round of California stimulus payments. These conditions are:
- You earned wages between 0 and 75,000 dollars in 2020 and have a California Adjusted Gross Income between 1 and 75,000 dollars.
- You were a California resident for more than half of 2020.
- You are a California resident on the date payments are distributed.
- You can’t be claimed as a dependent by someone else.
For most of the Californians who are eligible, they won’t have to do anything as the stimulus check will be sent out automatically, as long as taxes were paid correctly and on time for 2020.
For those who are unsure if they qualify, there is a Golden State Stimulus II Estimator tool that is worth checking out, as this can confirm whether or not the criteria are met.
When Can I Expect To See The Money
The most recent round of payments was expected to begin in September.
Most direct deposit stimulus payments will be issued between Sept. 1 and Oct. 31. If your tax return was filed after Sept. 1, expect a payment about 45 days after your return has processed.
For paper checks, payments will go out by the last three digits of the ZIP code on your 2020 tax return. If your tax return processes during or after the date of your scheduled ZIP code payment, allow up to 60 days after your return has processed.
Read Also: How To Track Stimulus Payment 2020
Why California Has So Much Money
That brings us to today. Millions of Californians have lost work during the pandemic the states unemployment rate is tied for highest in the nation and a third of households here do not earn enough to meet the true cost of living in this pricey state.
But our state government has been raking in the cash. California has a record $76 billion budget surplus for the current fiscal year, and is projecting $31 billion in excess revenues for the fiscal year that begins in July.
Nationwide, lower-income adults have been hit especially hard by the Covid-19 economic crunch, while wealthier Americans have been left largely unscathed. That trend holds in California, where we also tax our wealthy at very high rates.
What makes the situation unique in California is that we have this inordinate wealth and income inequality, said Chris Hoene, executive director of the California Budget and Policy Center. And then we have a tax structure designed to actually produce revenue from that.
In late 2020, Gov. Gavin Newsom was planning for the fiscal year that would begin in July 2021. Projections showed that the state could soar past the Gann limit by billions of dollars.
Under state law, the governor wasnt required to act on the limit for another two years. But Newsom was facing the prospect of a recall election in the fall.
Do I Qualify For A $600 Or $1100 Payment
The Golden State Stimulus II payments are different from the Golden State Stimulus I payments that went out earlier this year. GSS I payments — a one-time check of either $600 or $1,200 — went out to those who typically earned less than $30,000 and received the state’s Earned Income Tax Credit, or CalEITC, or those who filed their taxes with an Individual Tax Identification Number, or ITIN.
GSS II has been expanded so that more Californians qualify. You’re eligible for a $600 payment if you’ve been a California resident for more than half of the 2020 tax year . You need to also meet the following requirements:
- Your California Adjusted Gross Income, or CA AGI, was $75,000 or less for the 2020 tax year.
- You cannot be claimed as a dependent by another taxpayer.
If you don’t qualify for GSS II, see if you might be eligible for GSS I. Californians who received the earlier GSS I payment could be eligible for a GSS II check for $500 or $1,000 only if they claimed a qualifying child or relative as a dependent on their 2020 tax return.
Besides those who already received GSS I and have no dependents, there are others who are excluded from GSS II payments. Californians whose income is exclusively from other benefits, like Social Security, CalWorks, unemployment or state disability, do not qualify. For more information, check out the Franchise Tax Board’s help page.
Read Also: How Many Stimulus Checks In 2021
The Stimulus Checks In California: Round 2 Of The Golden State Stimulus
California has started to send out the 2nd round of the Golden State Stimulus checks from the 27th of August.
Gov. Gavin Newson has signed the $100Billion California Comeback Plan that includes this round of checks. This was initiated by Newsom and aims to push the economy and support the stressed residents. These payments are just arriving before the governor will face an election on the 17th of September.
Newsom has stated that they are harnessing a large surplus and are using that to make huge investments in the form of stimulus checks all over the board. This will help the people come back from the bad times during the pandemic and will help them build up everything. The proposal offered dividends that might be paid for future generations.
Who Is Eligible For Golden State Stimulus Check 2
To be eligible for the Golden State Stimulus I , you must meet the following criteria:
- Have filed your 2020 taxes
- Be either: A California Earned Income Tax Credit recipient An ITIN filer who made $75,000 or less
- Be a California resident on the date payment is issued
- Be 18 years or older as of the last date of the tax year
- Not be eligible to be claimed as a dependent
Here are the qualifications for the California Earned Income Tax Credit
To qualify for CalEITC, you must:
- Have taxable earned income up to $30,000
- Not use married/RDP filing separately if married or RDP
- Live in California for more than half the year
- Meet all other qualifications
If you dont qualify for GSS I, you may qualify for GSS II
Read Also: How To Get Stimulus Check Get My Payment
What If I Owe Child Support Payments Back Taxes Money To Creditors Or Debt Collectors Or Federal Or State Debt
Both the first and second stimulus check cannot be reduced to pay any federal or state debts. Unlike the first stimulus check, your second stimulus check cannot be reduced if you owe past-due child support payments and is protected from garnishment by creditors and debt collectors.
If you use direct deposit and owe your bank overdraft fees, the bank may deduct these from your payment.
If you are claiming the payments as part of your 2020 tax refund , the payments are no longer protected from past-due child support payments, creditor and debt collectors, and other federal or state debt that you owe . In other words, if you receive your first and second stimulus checks as part of your tax refund instead of direct checks, it may be reduced.
What Date Will The Second Stimulus Checks Arrive
Congress has passed an emergency coronavirus relief package including a second round of stimulus checks worth $600, additional unemployment insurance and small business aidbut when will we get the second stimulus check?
Qualifying Americans, including children, are set to receive $600 each when the checks are paid out. Eligible Americans who earned less than $75,000 in 2019 will qualify, and those who earned more will have their benefits cut.
There are other factors surrounding who will qualify for the stimulus checks, though many Americans may just be wondering when they will see the money in their account.
Also Check: New Stimulus Package Student Loans
California Stimulus Checks: 784000 New Payments To Be Sent Out
More California stimulus checks to be mailed out on Friday
More California stimulus checks are expected to go out on Friday.
The states Franchise Tax Board will send some 748,000 stimulus checks to qualifying residents who filed paper tax returns this year, though a few thousand payments will be direct deposits too.
The $600 payments are part of the Golden State Stimulus II program . The second round of stimulus checks for California residents is part of Gov. Gavin Newsom’s $100 billion budget that he signed into law in July. As part of the plan, the state expects to provide about $12 billion in coronavirus relief to 15.2 million California households or about two-thirds of the state’s taxpayers.
“The Golden State Stimulus is key to lifting up those hit hardest by the pandemic and supporting Californias economic recovery, putting money directly in the hands of folks who will spend it on basic needs and within their local communities,” Newsom said in a statement at the time.
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Eligible recipients include current California residents who lived in the state for more than half of the 2020 tax year and individuals who earned $75,000 or less in 2020.
Payments will go out by the last 3 digits of the ZIP code on your 2020 tax return.
- 000-044 10/06/2021 through 10/27/2021
How Do I Get My Second Stimulus Check
You dont need to do anything if:
- You have filed a tax return for tax year 2019.
- You are a Social Security recipient, including Social Security Disability Insurance , railroad retiree. Or, you are a Supplemental Security Insurance and Veterans Affairs beneficiary.
- You have successfully registered for the first stimulus check online using the IRS Non-Filers tool or submitted a simplified tax return that has been processed by the IRS.
The IRS shouldve automatically sent your payment. All second stimulus checks were issued by January 15, 2021. If you didnt get a second stimulus check by then , you can claim your second stimulus check as the Recovery Rebate Tax Credit on your 2020 tax return or use GetCTC.org if you dont have a filing requirement.
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California Residents Will Benefit From A Second Golden Stimulus Check Beginning At The End Of August The States Franchise Tax Board Representative Said
Following the state’s largest economic recovery bill, a $100 billion Comeback Plan passed by California Gov. Gavin Newsom in mid July, a second Golden State Stimulus package has now been signed by the Governor to carry on helping Californians towards their pandemic recovery.
Stimulus Checks In California: Who Is Eligible
Both the chamber in the Golden State had approved this round of stimulus checks. The first half was passed in February and sent $600 to the residents who earned less than $30,000 annually. This included immigrants who were ineligible for the fed stimulus programs.
The July bill might send $600 checks to all the residents with an income less than $75,000. The people who had received the first round will not qualify for this additional $600. The people who have dependents and families that are undocumented will claim $500 checks.
The total cost of these payments is close to $8billion and is the most important thing in Newsoms proposal. This move was quite important as it addresses the inequities laid bare by the pandemic.
The State legislature had extended their eviction moratorium till 30th September 2021. The Supreme Court had ruled the end of the fed eviction moratorium but it did not affect the one in the Golden State.
Newsom had tanked everyone after the bill was passed as he believes it to be the countrys largest rental assistance package.
Also Check: When Will Ssdi Get 3rd Stimulus Check
California Stimulus Check Eligibility
To qualify for either Golden State Stimulus I or II, you must file a 2020 tax return by Oct. 15. From there, the eligibility requirements differ depending on income and dependents.
For Golden State Stimulus I, you must meet the following criteria:
- You receive CalEITC or make less than $75,000 per year and file with an ITIN. To qualify for CalEITC, you must earn at least $30,000 in taxable income in 2020, be 18 years or older or have a qualifying child, and file as a status other than married or registered domestic partner filing separate.
- You lived in California for more than half of 2020.
- You are a California resident on the date that checks are distributed.
- You arent eligible to be claimed as a dependent by someone else.
Note that an individual taxpayer identification number allows undocumented workers who do not have Social Security numbers to file taxes, meaning this group is eligible for relief via Golden State Stimulus I .
For Golden State Stimulus II, you must meet the following criteria:
- You earned wages between $0 and $75,000 in 2020 and have a California Adjusted Gross Income between $1 and $75,000.
- You were a California resident for more than half of 2020.
- You are a California resident on the date payments are distributed.
- You cant be claimed as a dependent by someone else.
California Stimulus Checks: 2 Million More Golden State Payments To Be Issued Next Week
California will be distributing another round of Golden State Stimulus II checks to eligible residents next week, the California Franchise Tax Board said Thursday.
In the first batch of the stimulus programs expansion which was disbursed on Aug. 27 about 600,000 payments worth an estimated total of $354 million were deposited into the bank accounts of qualifying individuals.
The number of payments in the next round will be much larger, with about 2 million slated to go out on Sept. 17, Franchise Tax Board spokesperson Daniel Tahara told KTLA.
In general, the state anticipates issuing stimulus checks about every 14 days, though there may be times when the payments go out earlier or later than two weeks, he said.
The first rounds are going out through direct deposit to people who have their bank account information on file with the state tax agency.
For those who typically get their state tax refund in the mail, checks are estimated to begin going out on Oct. 5, Tahara said. The checks will take up to three weeks to arrive once sent.
However, some payments may be delayed, the state warns, because they may need more review depending on the situation or information we have, the Franchise Tax Boards website states. This could include address changes, bank account changes, etc.
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