During the pandemic, California extended financial assistance to its residents. In 2023, the state dispersed two sets of stimulus payments, Golden State Stimulus (GSS I) and Golden State Stimulus II (GSS II), summing up to $1,200, targeted at eligible low and middle-income Californians.
As the cost of living continues to rise, many Californians are eagerly waiting for another round of stimulus checks that are supposed to ease the burden of gas and inflation costs. The Californian state government has recognized the need to support its residents through these challenging economic times.
Here are the eligibility requirements and payment specifics for the California stimulus checks 2024.
Contents
Who is Eligible for the California Stimulus Checks 2024?
To be eligible for the California stimulus checks in 2024, according to the California Franchise Tax Board, you must meet the following criteria:
- You were a legal California resident for over half of the 2023 tax year.
- You filed your 2023 California tax return by October 2024.
- Your California AGI (Adjusted Gross Income) is $75,000 ($1,50,000 for couples) or less.
- You have a valid SSN (Social Security Number) or ITIN (Individual Taxpayer Identification Number).
Additionally, you must have received at least one of the earlier California stimulus payments to qualify for the checks in 2024. Have you not received any, you may still be eligible for a specific amount this year based on your income and filing status.
When can one expect to receive the 2024 California Stimulus Checks?
Assuming you meet the criteria for the California stimulus checks for gas and inflation in 2024, there’s no need for any additional steps to receive it. The state will auto-disburse the payment using the details provided in your 2023 tax return.
Typically, you can expect to receive the credit within 45 days of filing your return or before December 31, 2024, whichever comes first. The exact dates of distribution will soon be announced by the state’s financial department, but they are typically issued in the first half of the year.
The mode of payment is determined by your chosen method for receiving the state tax refund or making state tax payments for the 2023 tax year. If you e-filed your tax return and selected direct deposit, the stimulus will be directly deposited into your bank account.
Alternatively, if you opted for a check, the stimulus payment will be dispatched via mail. In case you don’t receive a refund or make a payment, you will get the payment via mail.
To track the status of your California stimulus checks, visit the Where’s My Refund portal from the California Franchise Tax Board site. Simply put in your SSN or ITIN, ZIP code, and mailing address to retrieve the details.
FAQ: Do the California stimulus checks count as taxable income?
No, the California stimulus checks issued in 2024 are exempt from taxation by both the state and federal governments. There is no obligation to report it as income on your tax filings. Nonetheless, it is recommended to maintain a record of the payment details, including the amount and date, for your own records.
FAQ: How much will I receive from the stimulus checks?
For 2023, the one-time payment amount varied: $600 to $1200 for GSS I, and $500, $600, or $1100 for GSS II, depending on your eligibility for CalEITC (California Earned Income Tax Credit) and income limits. For 2024, the exact credit amounts for the California stimulus checks are yet to be announced (at least at the time of writing).
Canada Grocery Rebate 2024: Eligibility, Amount & Payment Dates
One Time $300 Payment for Seniors: Payment Dates & Eligibility
To Conclude
The arrival of stimulus checks is a much-needed aid for many Californian families in these tough economic times. Besides direct financial assistance, the state is working towards implementing other measures to combat inflation and reduce gas prices. These include investing in public transportation, promoting energy-efficient practices, and supporting local businesses.
If you have any further queries or face difficulties concerning the California stimulus Golden State checks in 2024, feel free to reach out to the California Franchise Tax Board directly. They can be contacted via phone at 800-852-5711 (Monday to Friday, 8:00 a.m. to 5:00 p.m.). For more details on eligibility, application processes, or disbursal dates, head to ftb.ca.gov or contact your local financial aid office.