State Stimulus Checks California
State stimulus checks California
State stimulus checks California for homeowners buying foreclosure property, Californians who filed claims after the San Simeon earthquake in 2003 and unemployed Californians are among those receiving planned payouts totaling nearly $3.2 billion in state stimulus checks.
The Internal Revenue Service will issue about 1 million individual tax rebate checks worth an average of $300 to low-income working adults who did not owe taxes in 2007, according to The Associated Press.
Taxpayers also can expect up to 80 percent relief on their home lender fees when refinancing at a lower interest rate, said Kathleen Jeffe, spokeswoman for the Department of Housing and Community Development. Some homeowners may be able to refinance even if they owe more than their homes are worth, she said.
Jeffe urged homeowners to contact their lender or credit union for information on participating in the program, Homeowner Assistance Payment Program (HAPP). The agency may consider expanding the program if enough lenders participate, she said.
After hearing about problems with some loans underwritten by IndyMac bank, HCD sent letters urging lenders statewide to participate in the incentive programs.
” Jeffe said. “If they don’t come forward and offer these programs, people should contact us at 1-866-922-7842.” [ARTICLE END] * * One other interesting note is this letter from the Governor’s office dated 4/09/08 which states the DIR program is no longer accepting claims. Unless you have already filed, I would file ASAP. To qualify for this rebate, your back tax year must have started in 2007 or prior. (as far as I know).
The Governor of California has set aside $1 billion of your money to give away (his state stimulus checks) to people that did not pay taxes in 2007 and who may be entitled to a refund on their State of California Income Tax Return (Para el estado de Californias) .
To get one of these checks you will need to fill out an application with the CA Franchise Tax Board (El Servicio de Impuestos Internos de Califonia). A list of requirements are listed below. You must have lived in California during 2007 or prior years. You have to have filed a state tax return for 2007 even if no taxes were due.
You can apply online at www.ftb.ca.gov or complete the application that it comes with your check and mail it back to them along with your supporting documents (copies of your income tax return, etc.). The website says existing account holders may be required to update their account information before applying online but I did not find this to be the case when I logged into my account with my WebAccess code from the letter they sent me. If you prefer you may call 888-769-8201 instead of applying online. This appears to be a very simple and easy process. The online application took me about 15 minutes to complete even with all the questions they had on there about foreign income and other things that probably won’t apply to many of us.