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California has issued over 1 million new stimulus checks since late last week, the bulk of which are expected to go out by mail starting Monday. The latest batch of Golden State Stimulus II payments includes 1.15 million payments with a total valuation of $857 million, according to the California Franchise Tax Board. Of the newest disbursement, 750,000 paper checks are scheduled to be mailed out as early as Monday, while 400,000 payments were directly deposited into bank accounts last Friday. 430,000 people to receive tax refund from IRS However, it can take several days for a payment to be received by direct deposit and up to three weeks to get a check by mail once it is sent, a Tax Board spokesperson said. For those who qualify for a GSS II payment and typically receive their state income tax refund through mail, checks are being distributed based on the last three digits of a recipient’s ZIP code. Based on the scheduled released by the tax board, the state has either sent or is in the process of mailing checks to ZIP codes with the last three digits of 000 to 375. California stimulus checks: Why you may not have received a payment yet — or won’t at all So far, the state has distributed more than 4.4 million GSS II payments with a total value of over $4 billion, according to the Tax Board. The stimulus checks are being sent out on a rolling basis through the beginning of next year, with an estimated 9 million Californians expected to receive one. The state began sending out GSS II checks in late August. Eligible residents will receive a check of $600, plus an extra $500 for a qualifying dependent, bringing the total possible to $1,100. To be eligible, you must be a California resident who submitted a 2020 state income tax return on or before Oct. 15, 2021, made $75,000 or less last year, have a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN), and can’t be claimed as a dependent by another taxpayer. California has an online tool that helps residents determine if they are eligible for the payment. More information on the Golden State Stimulus program can be found through the Tax Board’s comprehensive guide here.
California began issuing $600 stimulus payments from mid-April to those who qualify for the Golden State Stimulus check. Payment dates for stimulus funds will vary depending on when you filed your 2020 tax return. According to the California Franchise Tax Board (FTB), those who file their taxes after April 23 could wait up to three times longer than others to receive their stimulus funds. The FTB advises: "In order to receive the Golden State Stimulus payment, you must first file your eligible 2020 tax return and wait for that return to complete processing." California's stimulus payments are being issued via direct deposit or as paper checks. Best of Newsweek via email When will I receive my stimulus payment?The FTB says: "We schedule and issue stimulus payments twice a month after eligible 2020 tax returns are processed." Residents who filed their 2020 tax return between January 1 and March 1 were expected to receive their stimulus payment starting after April 15. Californians who filed their taxes between March 2 and April 23 can expect to receive their stimulus payment beginning after May 1. Recipients should allow up to two weeks after their tax return has been processed for direct deposit stimulus payments to arrive, and up to four to six weeks for paper checks, the FTB notes. Those who file their taxes after April 23 are advised to allow up to 45 days after their tax return has been processed for direct deposit payments and up to 60 days for paper checks. "Some payments may need extra time to process for accuracy and completeness," the FTB says. Estimated processing times for tax returnsIndividual tax returns filed electronically normally take up to three weeks to be processed, while paper tax returns can take up to four weeks for processing. "Some tax returns need extra review for accuracy, completeness, and to protect taxpayers from fraud and identity theft. Returns that fall into this category can take longer," the FTB says. Individuals who filed their taxes electronically can expect to receive their tax refund (or a notice from the FTB requesting more information to process the return) within around a month. Those who filed paper returns can expect the same within around four months' time. Residents can check the status of their tax return at the FTB website. To check the status, you'll need to know your Social Security number, zip code, exact refund amount and the numbers in your mailing address, the FTB advises. See the FTB website for more information on California's stimulus payments. Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.
Though California gas prices hover above $6 per gallon—the highest in the nation—financial relief is on the way for some state residents. Gov. Gavin Newsom has signed California’s budget for 2022-2023, including direct payments of $350 to $1,050 for 23 million Californians—more than half of the state’s residents. “California’s budget addresses the state’s most pressing needs, and prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices of everything from gas to groceries,” said a joint statement from the governor and state assembly leaders announcing the budget framework agreement on June 26. The state has launched an information page for what’s now called the “Middle-Class Tax Refund,” which includes a calculator for estimating your payment amount. When and How Will Payments Be Issued?Stimulus payments will be issued by California’s Franchise Tax Board via direct deposits and debit cards. Payments will be disbursed starting in October and will continue through early 2023. Find out which states are offering gas rebates and stimulus payments. What’s in the Inflation Relief Package?The $17 billion inflation-relief package within the larger state budget includes stimulus payments, a temporary suspension of state diesel taxes and help with rent and utility costs. Direct PaymentsTwenty-three million residents are expected to qualify for the Middle-Class Tax Refund. The payments will be offered on a sliding scale, based on income and tax-filing status. Low-income tax filers with at least one dependent stand to receive the highest payouts. Like the two previous Golden State Stimulus payments, individuals who earn more than $75,000 will not receive the full benefit, but other details have changed. Here’s a breakdown of eligibility for the maximum payout:
Income limits to qualify for the minimum payout:
You can view the income breakdown and calculate your eligibility via the California Franchise Tax Board. Diesel Tax HolidaySeveral upcoming legislative measures may temporarily shift the price of gas before the end of the year, including a proposed federal gas tax holiday. California’s budget package doesn’t include a suspension of the state’s gas tax, which is the highest in the U.S. at 68 cents per gallon. The budget will, however, include a suspension of the state sales tax on diesel fuel for 12 months, starting on Oct. 1. Other Benefits for California ResidentsThe budget contains a handful of additional measures to try to relieve inflation’s impact on residents:
The budget also includes a $14.8 billion, infrastructure and transportation package, as well as more than $200 million in additional funding that will go toward reproductive health care services. California’s new budget also provides universal access to health coverage for low-income residents aged 26 to 49, regardless of immigration status, becoming the first state to do so.
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