- More than half a million people in the state of California have received their new $600 economic stimulus checks.
- This aid is part of the Golden State II scheme that is distributed to residents of the state.
- One of the requirements for eligibility is gross income in California.
More than half a million people in the state of California have received their new $600 economic stimulus checks as part of the Golden State II scheme.
Have you not received this help? You can still apply, but you must first confirm if you are eligible. The first requirement to qualify for the second Golden State check is filing a 2020 tax return by October 15, 2021.
More than half a million people have received checks for $ 600
Of course, you will also have to meet other requirements to receive the payment, such as having been a resident of the State of California for more than half of fiscal year 2020 and being within the jurisdiction at the time the payment is issued.
Another requirement for eligibility is the gross income in California. Anyone who has declared an adjusted gross income of $ 1 to $ 75,000 dollars in fiscal year 2020 or who has indicated that he received a salary of $ 0 to $ 75,000 in fiscal year 2020 is eligible for this financial aid.
Who qualifies for the Golden State II check?
This is the second stimulus check issued in California. For Golden State II, those who earned $ 75,000 or less last year may be eligible to receive up to $ 600, and an additional $ 500 for those with at least one dependent, Ktla 5 explained.
Some Social Security recipients may also be eligible for the Golden State II payment, as long as Social Security is not their only form of income and they have an adjusted gross income of $ 75,000 or less (Social Security income is not included in AGI: adjusted gross income).
New round of the Golden State check will be issued this week
This new round of the Golden State II stimulus check will reach residents this coming week, the California Franchise Tax Board said Thursday, the local newspaper reported. Ktla 5. They expect to deliver around 2 million in payment on September, 17th.
In general, the state of California anticipates issuing stimulus checks every 14 days, although there may be times when payments are made earlier or later than two weeks, Franchise Tax Board spokesman Daniel Tahara agreed. with the report.
Return aid checks
For many families, it is a joy and relief when they receive a financial stimulus check. However, there are a few reasons why recipients would have to return the money.
Do I need to return the money? According to the IRS, there are some situations where checks will have to be returned, such as when your income exceeds the limit or if you received a check from someone who has already passed away.
Unclaimed money in states of the country
Although it seems hard to believe, one in 10 people nationwide has forgotten to claim their money, the National Association of Unclaimed Property Managers (NAUPA) said. For example, of the 50 states, New York accumulates a total of $ 17 billion, the largest amount pending to be distributed.
It is not the only state, California has $ 10.2 billion, New Jersey has $ 4 billion, Pennsylvania has $ 3.8 billion, Illinois $ 3.5 billion, Ohio $ 3 billion and Virginia $ 2, 5 billion. It is followed by Florida, Texas, Maryland and Massachusetts, all with an amount close to $ 2 billion.
Golden State II check will arrive as direct or physical deposit
The first rounds of this Golden Satate II are sent via direct deposit to individuals who have their bank account information on file with the state tax agency. And for those who normally receive their state tax refund in the mail, it is estimated that physical checks will begin shipping on October 5, Tahara said. Checks will take up to three weeks to arrive once they are sent.
However, some payments may be delayed, the state warned, because “they may need further review depending on the situation or the information we have,” said the website of the Franchise Tax Board. “This could include address changes, bank account changes, etc,” he mentioned.
Two out of three Californians will benefit
A total of $ 12 billion in direct payments is scheduled to go to qualifying residents, benefiting about two in three Californians, according to data evaluated by the state.
The money was included in California’s recently approved $ 100 billion budget and is intended to help residents who were severely financially affected during the COVID-19 pandemic. The state’s stimulus plan relies on federal coronavirus recovery funds to partially cover the cost. More than half a million people have received checks for $ 600.
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