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Expanded Golden State Stimulus Bringing Relief
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Californians will begin receiving the second round of Golden State Stimulus payments, the historic $12 billion state tax rebate program enacted by Governor Gavin Newsom to provide direct relief for Californians hit hardest by the pandemic and support the state’s economic recovery.

The Golden State Stimulus program was a key element of the Governor’s Immediate Action package in January to offset the worst economic effects of the pandemic, allocating $4 billion for low-income Californians, which included undocumented households that file taxes with an Individual Taxpayer Identification Number (ITIN) who were not eligible for the federal stimulus. In July, Governor Newsom expanded the program to include Californians making $75,000 or less. All told, the Golden State Stimulus package resulted in:

·         First round: 1) $600 payment to taxpayers with a Social Security Number who qualified for CalEITC (making $30,000 or less); 2) $600 payment to qualified ITIN filers making $75,000 or less; 3) $1,200 payment to qualified ITIN filers who also qualified for CalEITC.

·         Second round: 1) $600 payment to taxpayers with a Social Security Number making $75,000 or less who did not receive a first payment; 2) $1,000 payment to qualified ITIN filers making $75,000 or less and have one or more dependents.

·         Additional payment for families with dependents: Qualified families who file with a Social Security Number with one or more dependents are eligible for an additional $500.

 

“The Golden State Stimulus is key to lifting up those hit hardest by the pandemic and supporting California’s economic recovery, putting money directly in the hands of folks who will spend it on basic needs and within their local communities,” said Governor Newsom.

For most Californians who qualify, you do not need to do anything to receive the stimulus payment other than file your 2020 tax return, which is due by Oct. 15. For more information on the Golden State Stimulus and questions about who qualifies or how to receive payment, refer to the Franchise Tax Board’s Help with Golden State Stimulus and Golden State Stimulus II Estimator.

The Golden State Stimulus is part of Governor Newsom’s California Comeback Plan, the historic $100 billion plan to stimulate the economy and address the state’s most pressing challenges. Other elements of immediate relief in the plan include:

·         Largest small businesses relief program in the nation, investing $4 billion in direct grants to California’s small businesses, on top of a massive $6.2 billion tax cut.

·         Largest statewide renter assistance in the country, providing $5.2 billion to help low-income renters pay 100 percent of their back-rent, and an additional $2 billion for past-due water and utility bills.