In this post, I’ll discuss the Golden State California Stimulus 2024 Payment, and what to expect regarding Stimulus Checks in March 2024. For Californians, this stimulus check is a one-time payment to provide financial assistance to low-income individuals and those facing hardship due to the coronavirus pandemic. The amount you receive, either $600 or $1,200, depends on your income and eligibility.
Golden State stimulus checks are distributed annually by the state of California to residents who qualify based on their income. These checks are crucial for Californians facing financial difficulties. The Franchise Tax Board of California manages the distribution of these payments to eligible individuals.
The Golden State Stimulus is a one-time payment of $600 or $1,200 per tax return designed to aid low-income Californians. However, individuals whose income solely comes from sources like Social Security, Unemployment, Veterans, Disability, CalFresh, or CalWorks are not eligible for this payment. To qualify for the Golden State Stimulus in March 2024, your earned income must exceed the federal tax threshold by $1.
Related: Get Ready for 5 Significant Changes to Stimulus Checks in 2024 – How Will They Affect You?
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 |
Eligibility Criteria for Golden State Stimulus March 2024:
- Your adjusted gross income for the 2020 tax year should range from $1 to $75,000.
- If eligible for additional payments under GSS II and have dependents, you should have received payments under the Golden State Stimulus I program.
- You must file your 2020 California tax return by October 15, 2023.
- GSS II is also available to individuals who provide their Individual Taxpayer Identification Number (ITIN), meet specific income requirements, and fulfill other criteria.
Payment Dates for Golden State Stimulus 2024:
Payments will be made to those who filed tax returns between January 1, 2023, and March 15, 2023. Applicants with bank accounts will receive their funds within two weeks, while paper checks take four to six weeks.
For those who filed tax returns between March 2, 2023, and April 23, 2023, payments may begin on May 1, 2023. Funds will be disbursed to applicants with bank accounts within two weeks, 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 up to 60 days.
Related: IRS Announces Automatic Stimulus Checks – Here’s What You Need to Know!”
Payment Amount for Golden State Stimulus Check 2024:
The payment amount ranges from $200 to $1050 for eligible recipients based on income, status, and dependents. The California Franchise Tax Board determines the exact amount using criteria outlined in the Golden State Stimulus March 2024 Eligibility Criteria.