- Have you checked your bank account? Well, do it right away, because on November 1 checks for $600 or $1,100 are going to be sent to more than 1 million people.
- On today, November 1 more than 750,000 stimulus checks are going to be sent.
- Payments will arrive via direct deposit or paper checks.
Have you checked your bank account lately? Well, do it right away, because TODAY is the day when checks for $600 or $1,100 are going to be sent to more than 1 million people. Although not all Americans will be eligible to receive this money that has nothing to do with the economic stimulus payments from the federal government.
It is a measure implemented by the state of California to financially support residents most affected by the pandemic. In April 2021, the state began distributing Golden State Stimulus I payments, with the idea of boosting the local economy. Subsequently, since September 1, 2021, they have been delivering the Golden State Stimulus II checks.
Today checks for $600 or $1,100 dollars will be sent to more than 1 million people
This will be the last batch of stimulus payments planned for Californians, but how do you know if you will receive $600 or $1,100? The aid consists of a check for $600 for those who qualify, plus the option to receive an additional $500 if you can claim a dependent.
According to the Franchise Tax Board (FTB), which is responsible for distributing the funds, with this latest installment they will distribute up to 857 million dollars to approximately 1.1 million residents in the state starting, November 1. These payments will reach beneficiaries through direct deposit or paper check.
Direct deposits or paper checks
In the case of direct deposits, which were issued last October 29, beneficiaries can begin to check their bank accounts this Monday, although it could also take a few business days, depending on the bank, to see the amount reflected in their accounts.
Whereas checks that are sent in physical form by traditional mail can take up to three weeks to reach the Californians’ mailboxes. The method by which your payment arrives will be the same as how you usually get your tax refund.
Money for Californians
California has already sent about 4.5 million checks, for a total value that exceeds $3.2 billion, reported The Sun. Before the end of 2021, the Board expects to have already delivered nearly 9 million payments to California’s poorest residents.
These economic stimulus checks are distributed by the state of California, while the US Congress continues to debate a billion-dollar Infrastructure Plan that Biden has established as his priority to boost the country’s economy.
Who will receive the aid?
The Golden State Stimulus II program was implemented to help those Californian citizens who were hardest hit by the pandemic. For this reason, anyone who earns less than $75,000 a year may qualify for assistance. According to governor Gavin Newsom, this will be two out of every three Californians.
This money comes from federal funds awarded to California and from a surplus in the state’s economy of $75.7 billion. The board has stated that program beneficiaries could receive assistance through direct deposit or paper check.
Requirements to receive the Golden State II check
According to the Board, to qualify for the stimulus checks, recipients must have submitted “their 2020 taxes before October 15, 2021“, but they must also “have a California adjusted gross income (CA AGI) of $1 to $75,000 for fiscal year 2020 or have wages of $0 to $75,000 for fiscal year 2020.”
The beneficiary must also have been a “California resident for more than half of the 2020 tax year” and “be a California resident on the date the payment is issued.” Immigrants with a Personal Taxpayer Identification Number (ITIN) may also qualify.
How and when will I receive my payment?
If you meet all the requirements, it’s important to know that you’ll receive the payment in the same way that you usually get your tax refunds. “Typically, you will receive this payment through the refund option you selected on your tax return,” the board explains.
In addition, the CFTB said that most of the payments “will be issued between September 1, 2021 and October 31, 2021”, but added that some of these disbursements “may need more time to be processed to be accurate and complete.”
Wait longer for your check
The board in charge of the distribution of the funds stated that it is possible that money will be reflected in bank accounts in just a few day, while the physical checks could take weeks to arrive in the mailboxes of beneficiaries. “Please allow up to three weeks to receive paper checks once they are mailed out,” they said.
“If you filed your tax return after September 1, 2021, wait for 45 days after your return was processed,” they added. Also note that paper checks are sent using the last three digits of your zip code.
Track your payment
The board recommended those waiting for their check for $600 or $1,100 to use the tool Stimulus Estimator Golden State II which also allows you to find out if a person can be claimed as a dependent by another taxpayer.
To get MORE INFORMATION ABOUT THE PROGRAM go to the board’s website where you can get all the information about the Golden State Stimulus I and Golden State Stimulus II programs. TODAY checks for $ 600 or $ 1,100 dollars will be sent to more than 1 million people.
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