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Stimulus Checks

California Citizens To Benefit From Stimulus Checks Worth $575 Million In January 2022

Golden State stimulus (2)
Golden State stimulus (2)

The latest stimulus checks worth $575 million are part of the $12billion in Covid relief approved by California Governor Gavin Newsom.

California citizens will benefit from stimulus checks worth $575 million which are being dispatched in January. It will be the latest bonanza under the latest Golden State Stimulus II payments. In addition, California citizens who fulfill the conditions could receive a stimulus check in January.

They are a part of the Golden State Stimulus II program, which is meant to provide relief to the low-income families who have been affected by the Covid pandemic.

When will the citizens receive the latest tranche of stimulus checks?

As per the information provided by a spokesperson for the California Franchise Tax Board to the Sun via an e-mail that ever since the Golden State Stimulus II began, California has released 8.1million payments worth more than $5.8billion, payments commenced from October and will stretch through January. According to information, the final tranche of the aid will be dispatched by mail on December 27, 2021. The checks have been sent as per the zip codes. Citizens with zip codes ending in 928-999 will be dispatched checks From December 27 through January 11, 2022.

What are the criteria for receiving the Golden State Stimulus II?

Eligible Citizens will be getting a check for either $600 or $1,100, depending on what criteria they meet. The eligibility clause includes-

  • Citizens must have filed 2020 taxes by October 15, 2021
  • The California Adjusted Gross Income (CA AGI) must be within $1 to $75,000 for the 2020 tax year.
  • Earnings by wages must be from $0 to $75,000 for the 2020 tax year.
  • Must be a California resident for more than half of the 2020 tax year or be a California resident on the date payment is issued.
  • It is not being claimed as a dependent by another taxpayer.

Citizens must note that if they qualify for the first round of Golden State Stimulus aid, they may or may not be eligible for this round. Citizens can find out if they qualify or not for the checks from the California Franchise Tax Board website, which lists complete requirements for both rounds. A tool is also available which can be used to estimate the amount of your potential payment.

 

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