$575 Million Will Be Paid Out as Stimulus Payments by January. How to Receive Yours?

By NATE GARTRELL On Dec 18, 2021

Many Americans will receive stimulus payments soon.

This is not about the federal government providing a fourth stimulus check for the coronavirus, despite calls from lawmakers and the public for more direct payments. In place of federal funding, the states are stepping up.

In many places, including California, residents will receive stimulus funds. It is estimated that 803,000 people in California will get paid for this round of stimulus money, which began on Dec. 10, 2021.

It is believed that the last in this batch of payments will arrive at the beginning of 2022, either via direct deposit into people’s bank accounts or by mail.

To determine if you will receive one, here’s what you should know.

What is the Purpose of Sending more Stimulus Money?

Golden State Stimulus II payments are what California is delivering.

Those checks are part of the second batch of stimulus payments authorized by the state, the first batch of which went only to lower-income households.

The Golden State Stimulus II payments are available to California residents who meet the following criteria:

Earned under $75,000 in California Adjusted Gross Income (CA AGI) in 2021
and must have filed their 2020 taxes by Oct. 15, 2021
Throughout more than half of 2020, were California residents both on the date when the payment was made and on the date, it was issued
Were not claimed by other taxpayers as dependents

Checks for the Golden State Stimulus II range in value from $600 to $1,200.

Residents can use a tool on the California Franchise Tax Board’s website to find out how much money they qualify for.

Payments are set to arrive by Jan. 1, 2022

There have been or will soon be 8.1 million Golden State Stimulus II payments worth a combined $5.8 billion.

In October, California began distributing the money, and the final payments will be sent out in December 2021.

Over 803,000 payments were included in the most recent batch, of which some have already been issued.

There is $575 million worth of checks in this batch.

Also, this includes 794,000 paper checks with a collective value of $568 million as well as 9,000 direct deposits that add up to $6.1 million worth of stimulus money.

Residents are receiving stimulus dollars based on their zip codes.

Funds will be distributed between Dec. 27, 2021, and Jan. 11, 2022, to individuals with zip codes ending in 928-999.

If you have not yet received your Golden State II stimulus check, make sure you keep an eye on your bank account or the mail.