Connect with us

Hi, what are you looking for?

Finance

Millions of Americans To Receive Stimulus Checks this Week

Stimulus Check

The California Franchise Tax Board informed SFGATE last week that the third round of Golden State Stimulus payments would be made available on Tuesday.

California Governor Gavin Newsom signed the $100 billion California Comeback Plan into law back in July, which included a provision for a second round of Golden State Stimulus payments following the first round of checks distributed earlier this year.

The second Golden State stimulus began on September 1 and is being distributed in batches, with the most recent batch being distributed on October 5.

Gov. Newsom

California Governor Gavin Newsom. (Photo: Justine Sullivan/AFP)

The Release

Since the beginning of September, Californians have been receiving checks from the second Golden State Stimulus. Two-thirds of residents are eligible for checks ranging from $500 to $1,100, depending on income and the number of dependents.

According to the Tax Board, this batch will reach approximately 2 million people. Payments for this round will be sent as direct deposits and paper checks for the first time since payments began.

The first two payments were sent on Aug. 27 and Sept. 17, reaching approximately 2.6 million Californians.

The Tax Board has been releasing payments at roughly two-week intervals. For a variety of reasons, the Tax Board is unable to send out the estimated 9 million payments in a single batch.

“the state’s ability to validate eligibility, protect against fraud and issue GSS II payments simultaneously with other mandatory disbursements,” it said.

After this week, roughly half of payments will have been sent out.

Read Also: Fourth Stimulus Checks: Will There Be More Payments To Come For Eligible Americans?

A file photo of a federal stimulus check.

A file photo of a federal stimulus check. (Photo: Douglas Sacha/Getty Images)

Golden State Stimulus II

You must simply file your 2020 tax return and earn less than the wage threshold to be eligible. Compared to the first round of checks in 2020, the eligibility threshold is much higher; people earning up to $75,000 are eligible. This is in contrast to the first round, in which only people earning up to $30,000 were eligible.

However, unless certain conditions are met, if you received the first, you will not be able to receive the second. Those who received the first can only access the second if their dependents were listed on their tax return. They can receive up to $500 per dependent or $1,000 in benefits for each dependent.

According to SFGATE in general, if you qualified for the first Golden State Stimulus payment and claimed a dependent credit for one or more dependents, you will receive $500. You will receive $600 if you did not qualify for the stimulus payment and did not claim credit for one or more dependents.

You could receive $1,100 if you did not qualify for that stimulus but claimed one or more dependents. Finally, if you were eligible for the stimulus but did not claim credit for one or more dependents, you are ineligible for the second stimulus payment.

“The state is taking on the inequities laid bare by the pandemic, expanding our support for Californians facing the greatest hardship,” Newsom said at the time.

Read Related Article: Stimulus Checks: This State Will Send Payment This October, How Much Will You Receive?