Nearly 800,000 more Golden State payments are going out

California on Friday began issuing its latest round of Golden State Stimulus II checks for up to $ 1,100, officials said.

This round includes 784,000 payments with a total valuation of $ 555 million, according to the California Franchise Tax Board.

The vast majority of this batch – 750,000 – will be mailed, with checks scheduled to go out on Monday.

According to the Danish Tax Agency’s website, the new payments are scheduled to be sent to recipients whose postcodes have the last three digits of 376 to 584. The money also still goes out to qualifying taxpayers who have postcodes with the last three digits of 221 to 375.

Sent checks will go out to the next group of zip codes – 585 to 719 – from November 29, the website shows.

The state also plans to deposit 34,000 payments directly into bank accounts from Friday.

For those who receive a payment this time, the Danish Tax Agency states that it can take up to a few days before the money appears in the recipient’s bank account, and up to three weeks to receive a check by post after it has been sent.

With this latest payout, California will have handed out more than 6 million total payments worth a total of $ 4.5 billion since GSS II checks began expiring in late August, according to figures provided by the IRS.

Qualified taxpayers could get a payment of $ 600 for themselves, as well as an additional $ 500 if they required at least one breadwinner.

It is estimated that about 9 million people, nearly a quarter of the state’s population, will receive money from California’s expanded incentive program.

For those who believe they are eligible but have not yet received one, the state expects to send the stimulus funds out through the rest of 2021. Most of the remaining payments are expected to be issued per. mail.

California residents who qualified for the program include those who filed a 2020 state tax return, reported earnings of $ 1 to $ 75,000 last year, have a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN), and there not claimed. by another taxpayer as a breadwinner.

For anyone who is not sure if they are eligible, the state has created one online tool help determine that.

More information can be found at The Tax Council’s website.


Give a Comment