The Golden State Stimulus II program is for those who earned below $75,000 in adjusted gross income as reported on their 2020 tax returns.
The state of California this week began distributing 803,000 Golden State Stimulus payments worth roughly $563 million. The breakdown for the latest distribution of $600-$1,100 payments is 800,000 paper checks mailed to qualifying residents and 3,000 direct deposits, according to Andrew LePage, a media liaison with the state’s Franchise Tax Board. The Golden State Stimulus II program has been issuing these pandemic aid payments since early September and will continue to do so until all eligible taxpayers have received their checks. Recipients with qualifying dependents will get an additional $500. The GSII program, funded by federal and state pandemic aid, is for those who earned below $75,000 in adjusted gross income as reported on their 2020 tax returns. A similar program, Golden State Stimulus I, was created for low-income residents earning less than $35,000. We asked LePage to update us on the state of the GSII program. Q: When is the next round slated to go out? A: On Nov.29, the state began to release a batch of about 803,000 GSS II payments – mostly checks that will be mailed between 11/29/21 and 12/17/21 – valued at about $563 million. This batch includes mailing about 800,000 GSS II checks valued at $561 million, and about 3,000 direct deposit payments valued at about $2.4 million. Direct deposits typically show up in bank accounts within a few business days, depending on the financial institution, and we advise people to allow up to three weeks to receive a paper check once it’s mailed. As noted on our GSS II website, the majority of GSS II direct deposits would have been made by mid-November, and those who didn’t receive a direct deposit payment by then will likely receive a paper check.
