Stella Gaucin Tax and Accounting Services

$600 Payment for Low-Income Californians Millions of low-income Californians would get a $600 payment from the state under a budget proposal by Gov. Gavin Newsom. The proposed payment, announced Wednesday, would go to people with annual incomes of less than $30,000, including immigrants living in the country illegally who file taxes with the state. Roughly 4 million people would be eligible for the payment, for a total state cost of $2.4 billion. Newsom is also asking the Leg...islature to extend a moratorium on evictions. https://www.google.com//newsom-proposes-600/2438424/%3famp

STELLA GAUCIN TAX SERVICES We are now taking appointments for taxes, tax drop offs or electronic. Let me know: 408-857-5877

Applications for California’s COVID-19 Relief Grant Program open 12/30 at 6:00 AM PST through 01/08. Learn more about the Program’s requirements and application process at www.CAReliefGrant.com Due to high demand, file uploads will be temporarily disabled to allow every business the opportunity to submit an application. You will be notified once uploads are enabled to complete your application. This will not have any impact on grant selection.

Treasury and IRS begin delivering second round of Economic Impact Payments to millions of Americans IR-2020-280, December 29, 2020 WASHINGTON Today, the Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments earlier this year.... The initial direct deposit payments may begin arriving as early as tonight for some and will continue into next week. Paper checks will begin to be mailed tomorrow, Wednesday, December 30. The IRS emphasizes that there is no action required by eligible individuals to receive this second payment. Some Americans may see the direct deposit payments as pending or as provisional payments in their accounts before the official payment date of January 4, 2021. The IRS reminds taxpayers that the payments are automatic, and they should not contact their financial institutions or the IRS with payment timing questions. IRS.gov