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Everything You Need To Know About Stimulus Payments in 2022

Stimulus Check

More than 800,000 stimulus checks worth $575 million have been distributed to Californians as part of the Golden State Stimulus II package, according to MARCA. A spokesperson for the California Franchise Tax Board has stated that the next round of payments will be primarily mailed checks for those who qualify for a payment of up to $1,100.

COLA Increase

More than 800,000 stimulus checks worth $575 million have been distributed to Californians as part of the Golden State Stimulus II package, according to MARCA. A spokesperson for the California Franchise Tax Board has stated that the next round of payments will be primarily mailed checks for those who qualify for a payment of up to $1,100. (Photo: Marca)

California Stimulus Check

In California, stimulus payments have begun to be distributed to residents as a result of the Golden Gate Stimulus, a $3.8 billion package approved by the state legislature in February and signed into law by the governor. According to CNET, in July, California Governor Gavin Newsom signed a $100 billion economic stimulus package into law, following announcing the action by government officials. The Golden State Stimulus payments are scheduled to end in 2021, but if there is a budget surplus, additional payments could be made the following year, so there may be more good news in the near future.

Pandemic aid payments were distributed primarily through Golden State Stimulus II, which began disbursing payments to eligible taxpayers in early September. Dependents who qualify for financial assistance will receive an additional $500 in financial assistance. GSS II is open to anyone who earns less than $75,000 in adjusted gross income in 2020 and who qualifies for federal and state pandemic assistance. In a similar vein, Golden State Stimulus I was created to benefit residents earning less than $35,000 per year.

Read Also: Federal Reserve Stimulus Checks To Be Given Only Until March

More than 800,000 stimulus checks worth $575 million have been distributed to Californians as part of the Golden State Stimulus II package, according to MARCA. A spokesperson for the California Franchise Tax Board has stated that the next round of payments will be primarily mailed checks for those who qualify for a payment of up to $1,100. (Photo: MARCA)

Depending On ZIP Codes

Only 9,000 of the checks were deposited directly into bank accounts, with the remaining 794,000 checks being mailed to households who were eligible. The Golden State Stimulus II payments began in October and will continue until January 11, 2022. According to your ZIP code, these payments are sent out every two weeks and are delivered directly to your door.

Between December 13 and December 31, Californians who have ZIP codes that end in 720 or 927 will receive their payments. Receiving stimulus payments must be completed by January 21st. Payments will be made to those who live in the ZIP codes 928-999 from December 27 to January 11. The vast majority of Americans should have received their refunds by February 1, as per The Sun.

Read Related Article: IRS Announces Deadline For Plus-Up Payment, Here’s How To Process Your Claim