The state’s pandemic stimulus program will come to an end on Jan. 11, according to the Franchise Tax Board.
Hundreds of Thousands of Americans To Receive Stimulus Checks
In a recently published article in Mercury News, the $127 million last wave of 180,000 payments began in late December and will be disbursed throughout the course of January, according to an email sent out by the agency on Wednesday. Between December 13th and December 31st, a total of 794,000 GSS II payments totaling $568 million were made.
A total of $5.9 billion in checks and direct payments have been issued by the Golden State Stimulus II program since its inception in late August. Governor Gavin Newsom’s pandemic recovery plan includes the initiative. The payments of $600 were made to low- and middle-income Californians who make less than $75,000 a year in gross adjusted income. Dependents of eligible households received an extra $500.
Direct deposit was used to deliver most of the stimulus payments early in the program for people who filed their 2020 taxes online and specified a bank account for the tax return’s deposit to be sent into.
Stimulus Payments Before and During 2022
A total of 794,000 GSS II checks worth $568 million were sent between December 13 and December 31. A further 9,000 direct deposits worth $6.1 million were made on December 10. The state plans to send around 180,000 GSS II checks between December 27 and January 11, 2022. In addition, the state made around 1,400 GSS II direct contributions on December 24. The current wave of GSS II payouts totaled over 181,400 payments, amounting to nearly $127 million.
The last wave of GSS II payments is anticipated to be issued between December 27 and January 11 of this year. After January 11, just a minimal number of payments will be made. There have been 8.2 million GSS II checks and direct payments made or declared by the state, totaling little over $5.9 billion. The great majority of GSS II payments have already been made or disclosed at this point in time.