$$$ GOLDEN STATE STIMULUS $$$
February 23rd, 2021 -
Below is an excerpt from the Governor's office news release. To read the full release, click here.
Direct Relief to Individuals and Families
Incorporates the Governor’s Golden State Stimulus plan to assist California households that have borne the disproportionate economic burden of the COVID-19 Recession – those with incomes below $30,000, as well as those unfairly excluded from previous federal stimulus payments.
Provides $600 in one-time relief to households receiving the California EITC for 2020. In addition, the agreement provides a $600 one-time payment to taxpayers with Individual Tax Identification Numbers (ITINs) who were precluded from receiving the $1,200 per person federal payments issued last spring and the more recent $600 federal payments. Today’s action also provides $600 payments to households with ITINs and income below $75,000. ITIN taxpayers who also qualify for the California EITC would receive a total of $1,200. The payments will be provided to these households shortly after they file their 2020 tax returns.
Provides direct relief to additional lower-income Californians through a $600 one-time grant to households enrolled in the CalWORKS program and recipients of SSI/SSP and Cash Assistance Program for Immigrants (CAPI). Grant payments for CalWORKS households are expected by mid-April; timing for the delivery of SSI/SSP and CAPI grants is currently under discussion with federal officials.
How to collect your stimulus payment:
You MUST file your 2020 taxes to determine eligibility. Learn how and where to file free here.
The Golden State Stimulus payment will come as a separate payment – separate from any state income tax refund and any CalEITC credit the taxpayer receives. Payments will be issued twice monthly after eligible 2020 tax returns are processed. For taxpayers who have chosen direct deposit, it may take up to 45 days to receive a GSS payment from the time any tax refund or CalEITC credit is received. Paper checks may take up to 60 days.
WHAT IF I DON'T HAVE A BANK ACCOUNT?
Go to BANK ON, whose goal is to ensure that everyone has access to a safe and affordable bank or credit union account. These low-cost, no-overdraft, no-surprise-fee accounts can help you claim your refund, stimulus or other payments.