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$575million Worth of Stimulus Check Payments To Be Given Away For the Eligible Americans in January

By January the $575 Million worth stimulus check payments is on the way (Photo TheMotleyFool)
The stimulus check payments worth $575 million will be sent via mail or direct deposit by January 2022. 

The stimulus check payments worth $575 million will be sent via mail or direct deposit in January 2022.

By January the $575 Million worth stimulus check payments is on the way (Photo TheMotleyFool)

The stimulus check payments worth $575 million will be sent via mail or direct deposit by January 2022.

The Golden State Stimulus II Program

The ongoing program of Golden State Stimulus II is meant to provide the stimulus check payments, a relief to be given for those families that are low-income households that are affected by the Covid pandemic.

Furthermore, the stimulus money is on the way to many Americans in January, worth $575 million will be sent via mail or direct deposit into people’s bank accounts by the beginning of 2022, the last set of payments from this batch will have arrived. Despite the appeals from lawmakers and the public for a fourth coronavirus stimulus check, the action was not intended for the federal government to take action to deliver a fourth coronavirus stimulus check.

Instead, states have stepped in to fill the gaps left by the federal government. Many places, notably the state of California, are distributing stimulus payments to at least some people. On Dec. 10, 2021, California began distributing its latest tranche of stimulus funds, with an estimated 803,000 people receiving payments’ 2022

How To Know If You Are Eligible for Stimulus Check?

The Golden State Stimulus II funds are now available to citizens of California who:

  • In 2021, earned a California Adjusted Gross Income (CA AGI) of less than $75,000
  • They must have until October 15, 2021, to file their 2020 taxes.
  • Were you a California resident on the day of the payment and for more than half of 2020?
  • Other taxpayers did not declare them as dependents.

The cheques for the Golden State Stimulus II have been valued at anything from $600 to $1,200. Residents can utilize a calculator on the California Franchise Tax Board’s website to figure out how much money they should be eligible for.

Americans who are Scheduled to Receive a Payment on Jan. 1, 2022

A total of 8.1 million Golden State Stimulus II payments totaling $5.8 billion have been or will be given out shortly. California began providing the funds in October, with the final round of payments beginning on December 10, 2021. In all, 803,000 payments were included in the latest batch, some of which have already been provided and the rest of which will be distributed soon.

This newest round of checks is valued at roughly $575 million in total and comprises 794,000 paper checks totaling $568 million in total, as well as 9,000 direct payments worth $6.1 million in stimulus funds. Furthermore, California has started distributing funds to citizens according to their zip code. People with zip codes ending in 928-999 will get their payments between December 27, 2021, and January 11, 2022.

If you live in California and have not yet received your Golden State II stimulus check, keep an eye on your bank account or the mail for your payment.