by Arya Pinherio
Inside: For Covid-19 impacted population government of USA had announced stimulus package of $1200 in parts, read the post to know more about the program, benefits & its eligibility
The Golden State Stimulus check, also known as the California Earned Income Tax Credit (CalEITC), was first introduced in 2019 by Governor Gavin Newsom. This initiative was created to provide financial assistance to low-income families and individuals living in California.
This stimulus package was first announced during COVID-19 pandemic, the main aim of this scheme is to provide relief to those who have been economically impacted by the Covid-19 situation whether it’s physical or economical. To support them USA government launched this stimulus program for California resident. In this blog post we will discuss about the this scheme, its’ features how it can benefit you & who are the eligible beneficiaries of the scheme. So stick with us few more minutes to know the insight of the golden stimulus scheme.
What is the Golden State Stimulus Check?
The Golden State Stimulus check is a one-time payment that aims to provide financial support to low-income Californians. Eligible recipients can receive a maximum of $1,200, depending on their income and tax filing status.
To the Eligible beneficiaries the 2024 Golden State Stimulus check will be received in two phases:
- The first phase will provide $600 payments to eligible individuals who have filed their 2023 tax return by October 15, 2024.
- The second phase will provide an additional $600 to eligible individuals who file their 2024 tax return by October 15, 2025.
$200 Monthly Raise in April 2024: Social Security, SSDI, SSI, and VA beneficiaries
Who is Eligible for the Golden State Stimulus Check?
To be eligible for the Golden State Stimulus check in 2024, you must meet the following criteria:
- Filed your 2020 taxes.
- Received the California Earned Income Tax Credit (CalEITC).
- Filed your taxes using an Individual Taxpayer Identification Number (ITIN).
- Had a total California Adjusted Gross Income (CA AGI) of $75,000 or less.
- Resided in California for more than half of the 2020 tax year.
- Were not claimed as a dependent by another taxpayer.
Know Your Stimulus Amount:
The amount you receive depends on various factors:
- If you qualify for CalEITC and file with an ITIN, you may receive either $600 or $1,200.
- Individuals who file with an ITIN and have an income of $75,000 or less may also receive $600 or $1,200.
- Married couples filing jointly may qualify for the stimulus payment as well.
How Can You Apply for the Golden State Stimulus Check?
There is no separate application process for the Golden State Stimulus check. Eligible recipients will automatically receive a payment if they meet the criteria. It is important to make sure your tax information is up to date and that you file your taxes on time to ensure eligibility for the stimulus check.
When will you get stimulus package amount?
Stimulus payments are scheduled twice a month after eligible 2020 tax returns are processed. The timing varies based on when you filed your tax return:
- If you filed between January 1, 2021, and March 1, 2021, expect your payment after April 15, 2021.
- For filings between March 2, 2021, and April 23, 2021, payments will be issued after May 1, 2021.
- Payments for returns filed after April 23, 2021, may take longer to process.
How to Receive Your Payment:
If you’ve already filed your 2020 taxes and qualify for the Golden State Stimulus, no further action is needed. Your payment will be issued via direct deposit or paper check based on your tax return information.
Other State-Wise Stimulus Programs
While the Golden State Stimulus program is specific to California, other states have also implemented their own stimulus programs to provide financial assistance during the pandemic. Some examples include:
- New York: The Empire State Poverty Reduction Initiative (ESPRI) provides a one-time payment of $300 for households with children who receive Supplemental Nutrition Assistance Program (SNAP) benefits.
- Illinois: The Emergency Rental Assistance program provides rental and utility assistance for eligible low-income households.
- Texas: The COVID-19 Electricity Relief Program offers financial assistance to help pay electricity bills for qualifying low-income families.
- Florida: The CARES Act Rent & Mortgage Assistance Program provides up to $5,000 in one-time payments for rent or mortgage payments.
While these programs may differ in eligibility requirements and benefits, they all aim to provide much-needed financial relief for individuals and families during these challenging times. If you are not a resident of California, be sure to check with your state government for any potential stimulus programs that may be available to you.
Note: We recommend readers to visit official website for recent updates before making any final decision.
