The Golden State Stimulus is a payment ranging from $600 to $1200, also known as the Middle-Class Tax Refund. It is designed to provide financial assistance to families and individuals in California who have an Individual Taxpayer Identification Number (ITIN) or meet the eligibility criteria for the California Earned Income Tax Credit.
The Golden State Stimulus Check 2024 Date will be announced soon, bringing optimism about the state of the economy. This payment will offer much-needed financial support, allowing residents to plan and prepare for its arrival. The release of these stimulus checks is significant as it can help cover essential needs, pay off overdue debts, or contribute to savings.
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Golden State California Stimulus 2024 Details
Topic Details | 2024 Golden State Stimulus Date |
Name of Organization | Franchise Tax Board, California |
Name of province | California |
Types | GSS I and GSS II |
Category | Government Aid |
Country | America |
Stimulus Amount (GSS I) | 600 USD/1200 USD |
Stimulus Amount (GSS II) | 500 USD /600 USD/1100 USD |
Official Website | ftb.ca.gov |
Golden State Stimulus Eligibility Criteria 2024
To qualify for payment from the 2024 Golden State Stimulus program, residents must meet the following eligibility criteria:
- California Residency: Individuals must have been California residents for the majority of the 2020 tax year.
- Income Limits: Eligibility extends to individual California taxpayers with incomes of $250,000 or less, as well as married couples filing jointly whose combined earnings do not exceed $500,000.
- Tax Return Submission: By October 15, 2023, individuals must have submitted their 2020 California tax return to be considered for the stimulus payment.
- Dependent Benefits: Recipients of Golden State Stimulus I (GSS I) payments may be eligible for additional GSS II benefits if they have dependents.
- ITIN and SSN Holders: Both Individual Taxpayer Identification Number (ITIN) and Social Security Number (SSN) holders are eligible for the stimulus payment, including undocumented residents who pay taxes.
Meeting these requirements ensures eligibility for the Golden State Stimulus program, providing much-needed financial support to eligible residents of California.
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