Hey, guys, it's Ginny Silver.
And today I want to talk to those of you in the state of
California who are looking for an update on the Golden State
stimulus. The Golden State stimulus is the additional 600
dollars that California State residents are entitled to as
an additional statewide stimulus on top of the federal stimulus.
Now, all of you are wondering when you will be receiving
this payment.
While the California Franchise Tax Board is the website in
which you can see the most recent details on the program,
California Franchise Tax Board has updated their site to
state a new delivery date for this payment.
Previously, they stated that the California Golden State
stimulus payments would begin to pay out starting mid March.
The California Franchise Tax Board website has been updated
to state that payout dates for receiving the 600 dollars
stimulus are slated to start in mid April.
Now they still state on here that once you file and have
processed your California State tax return that you should
anticipate to receive your 600 dollars Golden State Stimulus
sent out sometime between 45 and 60 days.
However, they have updated the start date for these payouts
to be mid April.
That means that no, you should not have received it yet.
Now I did receive one subscriber and only one.
So let me know that they did in fact receive this stimulus
already. But the website States you guys that these are going
to begin to be paid out starting in mid April.
Now, if you had a direct deposit refund from your California
State tax return, then you can expect to receive a direct
deposit of this 600 dollars.
If you qualify.
If you're receiving direct deposit, then you will be closer
to the 45 day timeframe.
If you're entitled to a check because you either owe California
state taxes or you did not receive direct deposit refund,
then you will be closer to receiving the 60 day time frame
after filing and having your California State taxes be accepted.
Now, in order to qualify for the 600 dollars stimulus, you
must have claimed the Cal EITC credit in 2,020.
And in order to receive your payment, you must file your
2020 tax return by October 15th to 2021.
After that October 15th deadline.
You have missed the boat on claiming this.
I see another change here on the website and that's right
here where it States that you need to be a California resident
on the date the payment is issued.
Previously, they had stated on the FT's website that you
must have been a California resident for six months out of
the 2020 tax year.
Well, now their website is also updated to state that you
must be a California resident on the date that the payment
is issued.
So essentially, you guys, when you file your 2,020 income
taxes, your ticket to receiving this stimulus is claiming
the Cal EITC in order to claim the Cal EITC, you must have
some form of tax earned income.
So if you only have an employment income, no, you do not
qualify because you do not have any form of earned income.
Now, if you have some amount of earned income, it must be
below 30,000 dollars.
You may not use married RDP filing separately at least 18
years old or have a qualifying child.
And you must have lived in California for more than half
the year.
This program grants an additional 600 dollars statewide stimulus
for individuals that claim the Cal EITC.
So that goes for those of you that have a Social Security
number or those of you that have an ITIN number, which is
essentially a tax filer number for some someone that does
not have a Social Security number.
Now, the Golden State stimulus also provides this 600 dollars
one time payment to households that are enrolled in CalWorks
program and recipients of SSI SSP.
In addition to that, for individuals who did not qualify
to receive a federal level 600 dollars stimulus because they
are ITIN filer.
The Golden State stimulus also awards them a possible additional
600 dollars to make up for missing out on the federal 600
dollars. Now, if you are an ITIN filer and you did not receive
the federal 600 dollars stimulus because you file with an
ITIN, you don't have a Social Security number and you were
ineligible to receive that.
Then the Golden State stimulus will replace that 600 dollars
for you if you fall below a 75,000 dollar AGI because that
replaces the federal stimulus that you didn't not qualify
for, you then may qualify for an additional 600 dollars on
top of that, to match that 600 dollars Golden State Stimulus
for individuals to qualify for Cal EITC credit.
Now, the stimulus amounts are outlined here.
If you're a Cal EITC recipient, then you get a stimulus of
600 dollars.
If you are a Cal EITC recipient and you file with an ITIN
and you made 75,000 dollars or less in your AGI, the Golden
State stimulus is replacing the 600 dollars federal stimulus
that you did not qualify for because you're an ITIN filer
now because you did not qualify for that 600 federal student
now because you did not qualify for that 600 dollars federal
stimulus as someone that does not have a Social Security
as someone that does not have a Social Security number, the
Golden State stimulus is essentially replacing that federal
stimulus of 600 dollars that you didn't receive and also
granting you the 600 dollars if you qualify for the Cal EITC
credit. Now, if you are not a Cal EITC recipient, but you
do file with an ITIN and you made 75,000 dollars or less,
you would qualify for a 600 dollars payment.
If you file a joint return and at least one of you files
with an ITIN and you made 75,000 dollars or less, you would
qualify for a 600 dollars payment.
If you file a joint return and you are a Cal EITC recipient,
and at least one of you files with an ITIN made 75,000 dollars
or less total AGI.
You would receive 1, 200 dollars.
The next question you guys are asking me, is there a way
that you can track this?
The answer is no.
Unfortunately, there is not a way that you can track this
stimulus payment.
Okay, you guys, I hope that was helpful.
If any of you have actually received this, even though it
States that they won't start rolling out until mid April,
I would love to hear from you in the comments down below.
Okay, you guys, please go like, Subscribe and leave me a
comment down below.
Tin made 75,000 dollars or less total AGI you would receive
at 12,000 dollars.
I'll take it.
Hey, guys, it's Janice Silver.
And today I have an update for those of you in the state.
The I can't find this video because I can't get through this
video because yesterday, my subscribers are telling me that
my Edd phone tries to call tech support.
There's a tech support rep that's answering the phones.
And when they call in, they say you must have been listening
to that Brown haired girl who blinks too much.
Now all I can think about is my blinking, and I can't get
through a video.