Friday, August 12, 2022

Do I Qualify For Golden State Stimulus

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What Does It Mean To Be An Itin Filer

Why many low-income people in California will not qualify for the Golden State Stimulus?

ITIN stands for Individual Taxpayer Identification Number. You would file with an ITIN as a substitute for filing with your social security number. If you do not have a social security number and are not eligible to obtain one, you can apply for an ITIN in order to file your tax return. To be eligible for an ITIN you must also fall into ONE of the following categories:

  • Nonresident alien who is required to file a U.S. tax return
  • U.S. resident alien who is filing a U.S. tax return
  • Dependent or spouse of a U.S. citizen/resident alien
  • Dependent or spouse of a nonresident alien visa holder
  • Nonresident alien claiming a tax treaty benefit
  • Nonresident alien student, professor or researcher filing a U.S. tax return or claiming an exception

Golden State Stimulus Payments: Who Qualifies And How To Claim

To get your Golden State Stimulus payment, you need to submit your 2020 state tax return. If you qualify, the FTB will send out your check after processing your return.

To be eligible for the payment, you must be a recipient of the California Earned Income Tax Credit , or be an Individual Taxpayer Identification Number tax filer who earned $75,000 or less in 2020.

Furthermore, you must have lived in California for at least half of the 2020 tax year and be a resident of the state on the date your Golden State Stimulus payment is made.

CA moms deserve more support. Whether its as caregivers or breadwinners.Were expanding childcare supports across the state and adding 100,000 child care slots the largest expansion of its kind and investing millions more for child care providers.

For millions of people in California who are eligible to receive the $600 Golden State Stimulus, the big question has been when will it actually arrive.

ABC10s Dollars and Sense team has heard from a lot of viewers, who have been waiting nearly two months now, and wondering when they can expect their money. The good news is that payments are starting to go out for some people, but for others, it could still be another six weeks or longer.

Gov. Gavin Newsom signed the Golden State Stimulus plan into law on Feb. 23. It included $600 payments to eligible people, including:

  • CalEITC recipient

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Gann proposed implementing a cap on state spending: If Californias expenditures neared a certain threshold , the state would have to return funds to taxpayers in the form of a rebate.

Voters in 1979 overwhelmingly approved the measure, known as the Gann limit, and later amended the law to allow some of the excess revenue to also go toward funding education.

Read our stimulus checks live blog for the latest updates on Covid-19 relief

Per the New York Times, California has a record $76billion budget surplus for the current fiscal year and is projecting $31billion in excess revenues for the fiscal year that begins in July.

In January, Newsom announced the Golden State Stimulus, and a few months later, the state began distributing roughly $12billion among Californians who make $75,000 or less annually.

Now, the states Legislative Analysts Office predicts that California will have a $31billion surplus for the budget year that begins July 1, 2022.

Exactly how Newsom will avoid crossing the Gann limit this time wont become apparent until he releases his budget proposal in January.

Im very proud of the historic tax rebate, Newsom said during a news conference last month.

And I look forward to making the decision that I think is in the best interests of 40 million Californians.

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$3000 Checks Being Sent Out Now As New Year Surprise Cash To Arrive Next Week

About two million people are expected to receive the second round of payments, in both direct deposits and paper checks, around the middle of September, according to state authorities.

California, Colorado, Maryland, New Mexico, New York, Florida, Georgia, Michigan, Tennessee, and Texas have all established an extra stimulus program to aid residents hardest hit by the pandemic.

Read our stimulus checks live blog for the latest updates on Covid-19 relief

Moreover, a fourth stimulus check could be on its way this year after a disappointing August jobs report saw only 235,000 new jobs created last month, experts speculate.

Golden State Stimulus: 25m Californians Have Received Their $600 Checks How Can You Get Yours

Petition · $600 . 00 California Golden State Stimulus Check For SSDI ...

“More than 2.5 million California Golden State Stimulus payments worth $1.6 billion have gone out for eligible people in the state who have already filed their tax returns. Many others can expect theirs after filing their taxes.”

KCRA 3

Another wave of stimulus checks is making their way into the bank accounts of millions of Californians!

If you filed your taxes in the State of California for the 2020 tax year and EITHER received the California Earned Income Tax Credit OR filed with an ITIN & made $75,000 or less, you should be expecting a Golden State Stimulus check!

If you qualify for the Golden State stimulus payment, you will need to file your 2020 tax return. If you qualify for the CalEITC, make sure you claim it on your return.

Even though Tax Day has passed, there is still time to file and amend your taxes.

Visit mycaleitc.org/golden-state-stimulus to see if you qualify and please visit atcaa.org/tax-assistance to get help receiving your Golden State Stimulus!

How will you receive your check? Use the table below to help guide you.

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Here Is The List Of Zip Codes With Delays

  • 000-044: October 6 October 27
  • 045-220: October 18 November 5
  • 221-375: November 1 November 19
  • 376-584: November 15 December 3
  • 585-719: November 29 December 17
  • 720-927: December 13 December 31
  • 928-999: December 27 January 11, 2022

If your ZIP code ends with the digits 585 and above, your paper check has not yet been mailed.

Those who qualify will receive payment through direct deposit or by mail.

The Tax Board notes that those who receive checks by mail should expect to wait up to three weeks to receive them once they are mailed.

On the other hand, most direct deposit stimulus payments were issued between .

Claim Your Golden State Stimulus

The COVID-19 pandemic created tough financial challenges for working families all across California.The Golden State Stimulus programs provides rapid cash support to millions low and middle income Californians.

There are two different Golden State Stimulus. You may qualify for one or both. Visit the page below for more on Golden State Stimulus I & II.

Do I Qualify for the Golden State Stimulus I?

You may qualify for the Golden State Stimulus I if you are a California resident, not claimed as a dependent, and either of the following apply:

  • Claim the CalEITC on your 2020 California tax return be October 15, 2021 to receive $600 or

  • File your 2020 tax return with an Individual Tax Identification Number and up to $75,000 to receive $1,200.

Do I Qualify for the Golden State Stimulus II?

You may qualify for the Golden State Stimulus II if you are a California resident, not claimed as a dependent, and all of the following apply:

  • File your 2020 California tax return by October 15, 2021 and

  • Have a California Adjusted Gross Income of $1 to $75,000 for the 2020 tax year

The Golden State Stimulus II provides $600 to taxpayers that did not qualify for GSS I and an

additional $500 – $1,000 if there is a child dependent and reported up to $75,000 for the 2020 tax year.

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Who Is Entitled To Receive This Money

There are a number of factors that enable you to qualify for the second Golden Gate Stimulus.

The second check has broader coverage than the first, some who did not qualify for the first can qualify for the second.

To qualify for this payment, you must have:

  • Had a California Adjusted Gross Income of $1 to $75,000 for the tax year of 2020. For this information refer to:
  • Line 17 on Form 540
  • Line 16 on Form 540 2EZ
  • Had wages of between $0 and $75,000 for the tax year of 2020
  • Been a California resident for more than half of the tax year of 2020
  • Been a California resident on the date payment is issued
  • Not been claimed as a dependent by another taxpayer
  • *A dependent is a qualifying child or qualifying relative. Go to FTB Publication 1540 for more information about a qualifying child and qualifying relative.

    There are a number of scenarios that will affect how much you will receive in this payment. These include:

    Scenario 1

    You qualified for Golden State Stimulus 1

    Claimed a credit for 1 or more dependents

    Stimulus amount Golden State Stimulus 2 = $500

    Scenario 2

    You did not qualify for GSS I

    Did not claim a credit for 1 or more dependents

    Stimulus amount GSSII = $600

    You did not qualify for GSS I

    Claimed a credit for 1 or more dependents

    Stimulus amount GSSII = $1,100

    You qualified for GSS I

    Did not claim a credit for 1 or more dependents

    Stimulus amount GSSII = You do not qualify for GSS II

    If you feel that you received it by accident, you should know what to do.

    California Stimulus Check Summary

    Deadline to apply for Golden State Stimulus coming soon

    Heres the bottom line:

    The state of California will provide the Golden Status Stimulus payment to families and people who qualify.

    There is Golden State Stimulus I and Golden State Stimulus II.

    The Golden State Stimulus II payments are different from the Golden State Stimulus I payments.

    To receive your payment, file your 2020 tax returns by October 15, 2021.

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    Qualifications For The Golden State Stimulus Payment

    The California Franchise Tax Board website says Californians can qualify for the stimulus payment if you:

    • Have filed your 2020 taxes
    • Be either:A CalEITC recipient-or- an ITIN filer who made $75,000 or less
    • Be a California resident on the date payment is issued
    • Not be eligible to be claimed as a dependent

    The deadline to file your 2020 taxes was extended from April 15 to May 17. Our ABC10 team answers your questions about filing taxes in 2021.

    How To Check The Amount

    California has an online tool that allows residents to see if they are eligible for Golden State Stimulus II and to check the estimated payment amount.

    The tool asks a series of questions, including a persons tax filing status, adjusted gross income reported on their 2020 return and whether they have any dependents. It then provides an estimated monetary figure.

    Those who are eligible for a stimulus check may receive the funds in more than one payment, the estimate notes.

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    Do Ssi Recipients Qualify For California Stimulus Check #1

    Yes, there is a $600 payment for those who already receive state benefits through programs like CalWORKs.

    Additionally, recipients of SSI/SSP and Cash Assistance Program for Immigrants are also eligible.

    However, recipients of other disability benefits, including Social Security Disability Insurance, were not eligible.

    Payments for those enrolled in CalWORKs were expected by mid-April, 2021.

    SSI/SSP recipients should have received paper checks in the mail between May 24 and June 21, 2021.

    The check will be mailed to whatever address they had on file in March 2021.

    To Qualify For The Golden State Stimulus:

    Do you qualify for a Golden State Stimulus check?
    • You earned less than $30,000 in 2020.

      If you earned less than $30,000 in 2020, you may likely qualify for the Golden State Stimulus. Make sure to claim the CalEITC this tax season to be eligible to receive your GSS payment. Find out if you qualify for the CalEITC here.

    -OR-

    • You file taxes with an ITIN and you earned $0 to $75,000 in 2020.

      If you file your taxes using an ITIN and you earned $0 to $75,000 in 2020, you may be eligible to receive a $600 payment, even if you dont qualify for the CalEITC. If you file your taxes using an ITIN and you qualify for the CalEITC in 2020, you may be eligible to receive a one-time payment of $1,200. Learn more about claiming the CalEITC as an ITIN holder.

    • If you earned income in 2020, and you qualify for the CalEITC, you must file your 2020 tax returns by October 15, 2021 to ensure you receive your GSS payment.

    • Be a California resident on the date payment is issued.

    • Be 18 years or older as of December 31st, 2020.

    • Not be eligible to be claimed as a dependent on another tax return.

    If you qualify for the CalEITC, you likely qualify for the Golden State Stimulus. Estimate your EITC credit here.

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    Who Qualifies For A Golden State Stimulus Ii Payment

    You must have $1 to $75,000 of California Adjusted Gross Income to qualify.

    The income part of CA AGI includes wages and self-employment income, tips, interest, dividends, rental income, retirement income, and gains on a sale of a property.

    If Social Security is your only form of income, you will not receive a payment.

    Some people who receive Social Security income may qualify because they receive other income listed above.

    You also need to be an eligible California resident and have filed your 2020 taxes by October 15, 2021.

    The California Franchise Tax Board says its issued a total of 8.5million GSS II payments.

    Another $600 California Golden State Stimulus Check Headed Your Way

    In February 2021, Governor Gavin Newsom announced that low-income Californians would receive a $600 Golden State Stimulus Check. The first round of Golden State Stimulus Checks have already gone out to California residents, and if you havent received yours you are able to track it here! Another round of $600 Golden State Stimulus Checks has been approved by the California state legislature and are expected to be going out soon! To qualify for the first round of the Golden State Stimulus you had to earn LESS than $30,000 in the year of 2020, however this new round the requirements have changed. California residents who made $75,000 or less in 2020 will receive this second round of Golden State Stimulus Checks, to qualify for this check according to The National Interest:

    The CFTB is basing eligibility for the checks on individuals 2019 and 2020 state income tax returns to ensure that all eligible Californians can receive their payment, the agency has recommended that people file tax returns, even if they nominally owe no taxes. The federal income tax deadline for 2020 was in May 2021, but California has extended its deadline to October 15 any returns received by that date will qualify the filer for a stimulus payment if he or she meets the income limit.

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    Check If You Qualify For The Golden State Stimulus Ii

    To qualify, you must have:

    • Filed your 2020 taxes by October 15, 2021
    • Had a California Adjusted Gross Income of $1 to $75,000 for the 2020 tax year. For this information refer to:
      • Line 17 on Form 540
      • Line 16 on Form 540 2EZ
    • Had wages of $0 to $75,000 for the 2020 tax year
    • Been a California resident for more than half of the 2020 tax year
    • Been a California resident on the date payment is issued
    • Not been claimed as a dependent by another taxpayer
      • A dependent is a qualifying child or qualifying relative. Go to FTB Publication 1540 for more information about a qualifying child and qualifying relative

    To receive your payment, you must have filed a complete 2020 tax return by .

    If you dont qualify for GSS II, you may qualify for GSS I.

    California Stimulus Check Ii Calculator

    SSDI recipients not automatically getting Golden State Stimulus

    As millions of Americans still try to cope with the financial consequences of the pandemic, an online petition advocating for the government to provide struggling citizens with $2000 per month has gained publicity, already gathering a staggering number of almost 3,000,000 signatures. Indeed, it seems like the question of “Will there be a fourth stimulus check? is on everyone’s minds. Unfortunately, the federal government does not seem to be willing to provide it.

    Luckily, many Americans can count on the help of their local authorities. Several states have decided to provide their citizens with their own versions of the stimulus checks. This calculator focuses on one of them: California’s Golden State Stimulus II. According to the office of Governor Gavin Newsom, Californians who qualify for the program and have filled in their tax return will start receiving their payments as soon as Friday, August 27.

    On top of that, this is the second Golden State Stimulus that the local government has provided to its citizens. About 11 million citizens of California are estimated to receive payments under the Golden State Stimulus Plan.

    This tool can be used to estimate how much aid one can expect, based on a number of factors taken into account by California’s Franchise Tax Board.

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    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.

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