What if You Had a Baby Since the Last Stimulus Check
MORE than 180,000 stimulus checks valued at about $127million are being sent to Californians right now.
Each check is worth up to $1,100 and is part of the final round of Golden State Stimulus II payments.
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The stimulus checks are meant to provide relief to low-income households affected by the ongoing Covid pandemic.
California Governor Gavin Newsom approved about $12billion in Covid relief.
Golden State Stimulus II (GSS II) payments began in October 2021 and will continue through January 11, 2022.
The checks have been mailed out according to zip code.
The last round of checks started being sent on December 27, 2021, to qualifying residents who live in an area with a zip code ending in 928-999.
The tax board said those who receive a paper check should expect for it to take up to three weeks once they are sent.
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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 (CA AGI) 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 (FTB) says it's issued a total of 8.5million GSS II payments.
When will I get my check?
Payments have been sent according to the last three digits of the ZIP code on your 2020 tax return.
Some payments may need extra time to process for accuracy and completeness.
If your tax return is processed during or after the date of your scheduled ZIP code payment, allow up to 60 days after your return has been processed.
The remaining zip codes ending in 928-999 are being mailed right now through January 11, 2022.
Most direct deposit stimulus payments were issued between September 1, 2021, and October 31, 2021.
If you filed your tax return after September 1, 2021, allow up to 45 days after your return has been processed.
The FTB says it's working through a small number of tax returns that for a variety of reasons require additional processing to ensure eligibility.
Plus, a number of individual taxpayer identification number (ITIN) filers have until Feb. 15, 2022, to file their state return to be eligible for GSS II.
These are ITIN filers who did not have an ITIN but had applied for one by the Oct. 15, 2021, tax filing deadline.
What if I owe money?
The California Franchise Tax Board says the Golden State stimulus payments are not subject to be offset for debts owed to the Franchise Tax Board or other government agencies.
The only exceptions are orders in connection with child support, spousal support, family support, or criminal restitution payable to victims.
If you believe your Golden State Stimulus payment that was deposited to your financial institution has been levied or frozen in error, you need to contact your financial institution.
Keep in mind, the Golden State Stimulus is not the same as the federal IRS stimulus payment.
We explain all the payments to expect in 2022.
Plus, we round up the cities and states offering free money for your kids' college.
Bankruptcy filings plummet in 2021 amid Covid-related stimulus
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What if You Had a Baby Since the Last Stimulus Check
Source: https://www.the-sun.com/money/4406910/golden-state-california-stimulus-checks-when-2/
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