Stimulus Payments Coming to California & Nevada Residents

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Californian residents earning between $30,000 to $75,000 will see $600 payments this coming September under a budget deal signed by Gov. Gavin Newsom this past week.

These stimulus checks are an extension of the state’s Golden State Stimulus Program (GSSP) that already provided one-time $600 payments to low-income Californians earning less than $30,000 a year.

Residents who already received the first round of checks will not be eligible to receive another $600. Additionally, certain families can qualify to receive a $500 check if they have dependent children regardless of their immigration status.

About two-thirds of Californians are expected to receive a stimulus check from the state.

For more information and taxpayer eligibility, including the Golden State Stimulus II Estimator tool, visit the California Franchise Tax Board’s GSSP webpage. You can also visit the “Help with the Golden State Stimulus” resource here.

IRS Begins ‘Advance Child Tax Credit’ Payments
On Thursday, the IRS began distributing the first of six scheduled Advance Child Tax Credit (CTC) payments (July – December) through the end of this year.

Additionally, the agency posted new "tax tips" information this week on its CTC portal, which allows families to update direct deposit information or unenroll in CTC payments. Visitors can also learn about “who” should enroll.

For context, view the "Advance Child Tax Credit: What CU Members Should Know" article the California and Nevada Credit Union Leagues posted last week.

Also, you and your members can subscribe to the IRS's "Don’t Fall for Tax Scams About the Child Tax Credit" channels on YouTube (short informative videos in English and Spanish):

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