California will begin sending 1,150,000 pandemic stimulus payments to eligible residents this week, the Franchise Tax Board said Friday (Oct. 22).
Golden State Stimulus II payments began in late August and are drawn from federal funds and the state’s $ 75.7 billion budget surplus.
Almost two-thirds of Californians are eligible for a $ 600 stimulus check under two different Golden State Stimulus programs.
Golden State Stimulus I distributes payments of $ 600 to $ 1,200 to low-income residents who claim the state’s earned income tax credit. These residents typically earn less than $ 30,000 per year. The additional $ 600 is for eligible children or family dependents.
In the GSSII program, qualifying residents who earn less than $ 75,000 in adjusted gross income will receive an additional $ 600 and an additional $ 500 for dependents.
We asked Andrew LePage of the Franchise Tax Board to give us an update on the program.
How many GSSII payments are coming out? The next planned batch will consist of approximately 1.15 million GSS II payments – approximately 400,000 direct deposits and approximately 750,000 mailed checks.
How many GSS II payments have been sent to date? So far, the state has issued about 4.5 million GSS II payments – about 3.3 million direct deposit payments and about 1.2 mailed checks.
How much GSS II money has been sent to residents of CA so far? These approximately 4.5 million GSS II payments issued to date total more than $ 3.2 billion.
When are all payments due? We hope to issue nearly all GSS II payments by the end of the year (and most direct deposit payments by October 31).
LePage also noted that recipients waiting for a paper check can use their zip code to check the delivery schedule. (Residents who did not provide a direct deposit account on their tax return receive paper checks.)
Use the last three digits of your postal code to see when paper checks are issued:
–000-044: 10/06/2021 to 10/27/2021
–045-220: 10/18/2021 to 11/05/21
–221-375: 11/01/2021 to 11/19/2021
–376-584: 11/15/2021 to 12/03/2021
–585-719: 11/29/2021 to 12/17/2021
–720-927: 12/13/2021 to 12/31/2021
–928-999: 12/27/2021 to 11/1/2022
To be eligible for payments, residents must:
- 2020 tax filing by October 15, 2021;
- Have an adjusted gross income of $ 1 to $ 75,000 for the 2020 tax year;
- Be a resident of a state for more than half of the 2020 tax year;
- Be a resident of the State on the date the payment is issued;
- Cannot be claimed as a dependent by another taxpayer;
- A dependent is an eligible child or an eligible parent.
As previously stated, those whose income is derived solely from benefits such as Supplementary Security Income (SSI) and State Supplementary Payment (SSP) and Cash Assistance Program for Immigrants (CAPI) are excluded from payments are excluded from payments. ), Social Security, CalWorks, Unemployment, State Disability Insurance (SDI) and VA Disability.
For an estimate of your California stimulus payment, visit ftb.ca.gov