The California Franchise Tax Board says that thousands of Americans will be getting another stimulus check this Friday.
The Sun reports that in total, the payments are worth nearly $555million.
Direct deposits can take a few days to appear in your bank account, while paper checks can take a few weeks in the mail.
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The California Franchise Tax Board expects to issue around nine million payments under the Golden State Stimulus II.
So far 5.65million stimulus checks have been paid out – leaving 3.35million yet to be issued.
The Golden Stimulus II checks will be paid out roughly every two weeks until every eligible Californian has received one.
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To qualify for the GSII stimulus checks, the following must apply to you:
- You must have filed your 2020 taxes by October 15, 2021
- Have a California Adjusted Gross Income (CA AGI) of $1 to $75,000 for the 2020 tax year
- Have wages of $0 to $75,000 for the 2020 tax year
- Be a California resident for more than half of the 2020 tax year
- Be a California resident on the date payment is issued
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Also, keep in mind the checks can’t be claimed as a dependent by another taxpayer.
If you qualify for the check, you’ll typically get it using the refund option you selected on your tax return.
Most direct deposit payments were issued between September 1 and October 31, but if you filed your tax return after September 1, expect to wait 45 days.
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Meanwhile, paper checks go out depending on the last three digits of the ZIP code on your tax return.
In total, an estimated $12billion will be issued with the hope of offering financial relief to residents financially hit by the coronavirus crisis.
Stay updated with more news here with us at the East County Gazette.