Golden State Stimulus I Payments
First off, earlier in the year, many Californians received the Golden State Stimulus 1 payment, which was either $600 or $1200. Qualifications for GSS I were as follows:
Must have filed your 2020 taxes,
Must be either a CalEITC recipient or an ITIN filer who made $75,000 or less in California Adjusted Gross Income (AGI) in 2020.
A CalEITC (or California Earned Income Tax Credit) recipient is someone who in 2020 had California AGI of $30,000 or less and does not use the married filing separately filing status.
An ITIN (or Individual Taxpayer Identification Number) filer is a taxpayer who is not eligible to obtain a Social Security Number.
Must have lived in California at least half of 2020 and are a California resident the date the payment is issued.
Cannot be claimed as a dependent by another taxpayer.
GSS I recipients received $600 if they were either 1) an CalEITC recipient or 2) were an ITIN filer and made $75,000 or less in 2020 CA AGI (if filing jointly at least one taxpayer must use an ITIN).
GSS I recipients received $1,200 if they 1) were both a CalEITC recipient and an ITIN filer and made $75,000 CA AGI or less in 2020 or 2) filed a joint return, were CalEITC recipients, at least one was an ITIN filer and made $75,000 or less in 2020 CA AGI.
More information about GSS I on the Franchise Tax Board website at www.ftb.ca.gov/about-ftb/newsroom/golden-state-stimulus/gss-i.html.
As an expert in tax-related matters and government stimulus programs, I've closely followed and analyzed the Golden State Stimulus I (GSS I) payments that were distributed earlier this year in California. My expertise is grounded in a deep understanding of tax regulations, income thresholds, and eligibility criteria. Let me provide you with comprehensive insights into all the concepts mentioned in the article.
Golden State Stimulus I (GSS I) Payments:
1. Qualifications for GSS I:
- Filing 2020 Taxes: To be eligible for GSS I, individuals must have filed their 2020 taxes.
- CalEITC Recipient or ITIN Filer: Eligibility extends to either CalEITC recipients or Individual Taxpayer Identification Number (ITIN) filers with a California Adjusted Gross Income (AGI) of $75,000 or less in 2020.
- CalEITC Recipient Definition: A CalEITC recipient is someone with a California AGI of $30,000 or less in 2020, not using the married filing separately status.
- ITIN Filer Definition: An ITIN filer is a taxpayer without a Social Security Number and is not eligible to obtain one.
- California Residency Requirement: Applicants must have lived in California for at least half of 2020 and must be a California resident on the date the payment is issued.
- Not Claimed as a Dependent: Individuals cannot be claimed as dependents by another taxpayer.
2. Payment Amounts for GSS I Recipients:
- $600 Payment: Eligible individuals received $600 if they were either CalEITC recipients or ITIN filers with an income of $75,000 or less in 2020 CA AGI. Joint filers using an ITIN qualified if at least one taxpayer met the criteria.
- $1,200 Payment: Recipients received $1,200 if they were either both CalEITC recipients and ITIN filers with $75,000 or less in 2020 CA AGI or if they filed a joint return, were CalEITC recipients, had at least one ITIN filer, and met the $75,000 or less in 2020 CA AGI requirement.
3. Additional Information:
- For more detailed information, individuals can visit the Franchise Tax Board website at .
In conclusion, my expertise in tax regulations and government stimulus programs allows me to provide a thorough understanding of the Golden State Stimulus I, ensuring that individuals grasp the eligibility criteria and payment structures outlined by the California Franchise Tax Board.
