In this post, I will discuss the Golden State California Stimulus 2024 Payment and provide information about Stimulus Checks March 2024. Californians are eagerly awaiting the Golden State Stimulus Payment Date 2024.
The Golden State Stimulus aims to assist low-income Californians and those facing financial hardship due to the coronavirus pandemic. Eligible individuals who meet the Golden State Stimulus Eligibility Criteria 2024 will receive a one-time payment of either $600 or $1,200, depending on their income and qualifications.
Stimulus Checks March 2024
The Golden State Stimulus Checks 2024 are distributed annually by the state of California to residents who meet the eligibility criteria. These stimulus checks serve as crucial financial support for Californians during challenging times. The state plans to implement this financial assistance program by 2024, providing relief to low- or middle-income individuals and families.
The primary objectives of the Golden State Stimulus Check 2024 are to support individuals and families and stimulate the economy. The Franchise Tax Board of California oversees the distribution of these payments to eligible individuals in 2024.
Related: IRS Announces Automatic Stimulus Checks – Here’s What You Need to Know!”
GSS I and GSS II 2024 Details
| Benefit Name | Golden State Stimulus Checks 2024 |
| Name of Department | Franchise Tax Board, California |
| Name of State | California |
| Types | GSS I and GSS II |
| Country | America |
| Category | Government Aid |
| GSS I Amount | $600 / $1200 |
| GSS II Amount | $500/600 $/1100 |
| Official Website | ftb.ca.gov |
What Is Golden State Stimulus in California?
The Golden State Stimulus is a one-time payment of $600 or $1,200 per tax return, administered by the Franchise Tax Board of California. It is designed to aid low-income Californians during times of financial need. Individuals whose income is solely derived from sources such as Social Security, Unemployment, Veterans, Disability, CalFresh, or CalWorks are not eligible for the Stimulus II payment 2024. To qualify for the Golden State Stimulus March 2024 Payment, individuals must have earned income that, when combined with these benefits, exceeds the federal tax threshold by $1.
Golden State Stimulus March 2024 Eligibility Criteria
To be eligible for the Golden State Stimulus II (GSS II), California residents must meet specific qualifying criteria. It is important to understand and fulfill these requirements, which include:
- Adjusted gross income ranging from $1 to $75,000 for the 2020 tax year in California.
- Receipt of payments under the Golden State Stimulus I (GSS I) program for those eligible for additional payments under GSS II and have dependents.
- Filing of the 2020 California tax return by October 15, 2023.
- Availability of GSS II for individuals who provide their Individual Taxpayer Identification Number (ITIN), meet certain income requirements and fulfill other criteria.
Related: Could $4,200 Stimulus Checks Be on the Way? Find Out Who’s Eligible!
Golden State Stimulus Payment Dates 2024
- Payments will be issued to applicants who filed tax returns between January 1, 2023, and March 15, 2023. Applicants with bank accounts typically receive their funds within two weeks, while paper checks take four to six weeks to process.
- For applicants who filed tax returns between March 2, 2023, and April 23, 2023, payments may start on May 1, 2023. Funds are disbursed within two weeks for applicants with financial institution accounts, while paper checks take four to six weeks.
- Applicants with bank accounts who file tax returns after April 23, 2023, will receive payment within 45 days, while paper checks may take 60 days to arrive after the filing date.
Golden State Stimulus Check 2024 Payment Amount
Residents of California will receive the appropriate payment amount determined by the Franchise Tax Board. It is essential to review the Golden State Stimulus March 2024 Eligibility Criteria provided by the authorities. Payment amounts range from $200 to $1,050 for eligible recipients based on income, status, and dependents. The Golden State Stimulus Payment Amount 2024 is calculated using a formula provided by the California Franchise Tax Board.