Payday Loans USA TRC

SACRAMENTO, Calif .– The next round of Golden State Stimulus II payments is expected to hit bank accounts and mailboxes starting October 5.

The California Franchise Tax Board plans to send 705,000 total payments during this latest cycle, including about 330,000 direct deposits and about 375,000 paper checks. This is the first time the state has sent mailed checks for the Golden State Stimulus II.

The state of California is sending Golden State Stimulus (GSS) payments to approximately 9 million eligible people. In the previous two cycles, the state’s Franchise Tax Board (FTB) sent payments to approximately 2.6 million people.

Although payments are made on October 5, some people may not receive the money for several days or even weeks.

Andrew LePage of the FTB said direct deposits typically show up in accounts within a few business days. FTB advises people waiting for mailed checks to allow up to three weeks for them to arrive.

The state says most direct deposit payments will be made by Oct. 31, but adds that some payments may take longer. Also, if you filed your tax return after September 1, it may take 45 days for your GSS payment to be sent out after your return is processed.

The state has also updated its deadlines for paper checks. Payments will be made on the basis of the last 3 digits of the postal code of your 2020 tax return:

• 000-044 10/06 / -10 / 27/21
• 045-220 10 / 18-11 / 05/21
• 221-375 1/11 / -11 / 19/21
• 376-584 15 / 11-12 / 03/21
• 585-719 29 / 11-12 / 17/21
• 720-927 12 / 13-12 / 31/21
• 928-999 12/27 / 21-1 / 11/22

The FTB has stated that if the tax return is not processed by your scheduled payment date, it could take 60 days after FTB processes the return.

Future direct deposit payments will follow a similar schedule to mailed checks. “The state plans to make future GSS II direct deposit payments roughly (a few days before) from the start date of future batches of paper checks to be mailed,” LePage said.

This means that direct deposits can be expected around:

• October 18
• November, 1st
• November 15
• 29 november
• December 13
• December 27

To ensure you receive a Golden State Stimulus II payment, people must file a 2020 tax return before October 15, 2021.

â–º GET THE LATEST NEWS FROM GOLDEN STIMULUS: Receive updates in your email with the Daily Blend newsletter. Register on www.abc10.com/email

• Payments of $ 600 will be made to qualified taxpayers with a Social Security number, Adjusted Gross Income (AGI) between $ 1 and $ 75,000 (both individuals and joint filers), and have not received the first round of Golden State Stimulus payments.
• Payments of $ 1,000 will be made to qualified ITIN filers earning $ 75,000 or less and having one or more dependents.
• Additional payment for families with dependents. Eligible families who file a Social Security number with one or more dependents are entitled to an additional $ 500.

If you’re wondering how much Golden State Stimulus you could get, the FTB has a tool here.

â–º GET THE LATEST NEWS FROM GOLDEN STIMULUS: Receive updates in your email with the Daily Blend newsletter. Register on www.abc10.com/email

The FTB sends Golden State Stimulus payments in two ways; direct deposit and paper checks sent by mail. In general, you can expect to receive payment using the same refund option that you selected when filing income tax.

Typically, you will receive this payment using the refund option you selected on your tax return.

• Direct deposit: If you chose direct deposit as a refund option on your tax return
• Paper check by mail:
  • If you selected the paper check as the reimbursement option on your tax return
  • If you received a prepayment through your tax service provider or paid your tax preparation fees using your refund

Click here for more FTB help.

SEE MORE : Golden State Stimulus: will the relief plan signed by Newsom bring immediate relief?

â–º GET THE LATEST NEWS FROM GOLDEN STIMULUS: Receive updates in your email with the Daily Blend newsletter. Register on www.abc10.com/email