Golden State Stimulus is an initiative of Californian state to provide monetary assistance to eligible families and individuals, which primarily aims to support Californians with low and medium incomes and assist those struggling financially amid the COVID-19 pandemic.
For Californians who qualify, there is no requirement to do anything other than file their 2020 tax return in order to get the stimulus payment. There are two different forms of the Golden State Stimulus payments; The Golden State Stimulus I and II.
To qualify for the second round of payment, you must have filed your 2020 taxes by October 15, 2021, and have been a California resident for more than half of the 2020 tax year and on the date, the payment is issued.
If you submit your 2020 tax return with the California Earned Income Tax Credit (CalEITC) or through the Individual Taxpayer Identification Number (ITIN), you may be eligible for this payment (ITIN).
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In Golden State Stimulus II, families and individuals who qualify for it will receive a grant from California. If they are earning $75,000 or less and file a 2020 tax return, they may be eligible for reimbursement.
The latest Child Tax Program payments have also been distributed, with payouts amounting to $3,600 for kids under the age of six in 2021 and $3,000 for children aged six to seventeen.
Families with college students between the ages of 18 and 24 are eligible for a $500 grant. This aims to reduce the number of children living in poverty by more than half, according to the Center on Poverty and Social Policy at Columbia University.
The payments are automatically set to arrive monthly until December.
Stimulus checks are relief payments that are rolled out by the US government to taxpayers in an effort to boost spending and the economy. Three have been sent so far since Covid-19 ravaged the US to help hard-hit Americans weather the pandemic onslaught.
Stay tuned for more stimulus check updates here with us at the East County Gazette.