California – California residents who are qualified for the state’s second round of stimulus checks may see their payment arrive as early as Friday, according to officials.
Under the expansion of Golden State Stimulus payments (known as GSS II), eligible Californians could receive as much as $1,100 from the state.
It is forecasted that two out of three residents will benefit from the said program, which is meant to help Californians who are financially impacted by the COVID-19 pandemic.
According to a news release from Gov. Gavin Newsom’s office, the state will disburse a total of $12 billion in tax rebates, and the money is coming from the state’s $100-billion budget plan and is being paid for in part by federal coronavirus recovery funds.
In order to qualify for the benefit, you must have been a California resident for most of last year and still live in the state, filed a 2020 tax return, earned less than $75,000 (adjusted gross income and wages) during the 2020 tax year, have a Social Security Number (SSN) or an or an Individual Taxpayer Identification Number (ITIN), and can’t be claimed by any other taxpayer as a dependent.
Residents who haven’t yet filed a 2020 tax return have until Oct 15, 2021, to be considered for the latest stimulus payment.
Additionally, some people who received the first Golden State Stimulus (GSS I) payment earlier this year may also qualify for an additional payment.
An online tool is created to help residents determine if they qualify or not and how much they will receive. Tha tool can be found here.
It prompts users to provide information on a number of questions, including your tax filing status, reported adjusted gross income for 2020, and whether you have any dependents.
It then projects whether you’re eligible and, if yes, provides an estimated amount.
The state’s Franchise Tax Board also released the following breakdowns of how much, if anything, residents with either a Social Security Number or an Individual Taxpayer Identification Number could receive under various scenarios if they meet all eligibility requirements for GSS II.
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Individuals with an SSN
- Qualified for GSS I and claimed credit for at least one dependent: $500
- Didn’t qualify for GSS I and did not claim credit for any dependents: $600
- Didn’t qualify for GSS I and claimed credit for at least one dependent: $1,100
- Qualified for GSS I and didn’t claim credit for any dependents: $0
Married (filing separately)
- Qualified for GSS I and claimed credit for at least one dependent: $250
- Didn’t qualify for GSS I and did not claim credit for any dependents: $300
- Didn’t qualify for GSS I and claimed credit for at least one dependent: $550
- Qualified for GSS I and didn’t claim credit for any dependents: $0
(Note: since the stimulus payment is based on each tax return, two people in the same household could both get a check provided they each qualify, according to the tax board.)
Individuals with an ITIN
- Qualified for GSS I and claimed credit for at least one dependent: $500
- Qualified for GSS I and didn’t claim credit for any dependents: $0
More information about Golden Stimulus II payments can be found here.