About 800,000 Americans are getting stimulus checks worth $555 million as of TODAY — will you get up to $1,100? – Community News
Stimulus Check

About 800,000 Americans are getting stimulus checks worth $555 million as of TODAY — will you get up to $1,100?

THE next batch of California stimulus checks is going out today, with 784,000 households set to receive one.

About 34,000 direct deposits will be issued to eligible households, the California Franchise Tax Board told The Sun.

As of today, approximately 784,000 California incentive checks will be issued

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As of today, approximately 784,000 California incentive checks will be issuedCredit: Getty

The batch also includes 750,000 paper checks that will be mailed Monday, Nov. 15, it added.

In total, the payments are worth nearly $555 million.

Direct deposits can take a few days to appear in your bank account, while paper checks can take a few weeks to receive the mail.

The California Franchise Tax Board expects to make approximately nine million payments under the Golden State Stimulus II.

As of today, 5.65 million stimulus checks had been paid out – 3.35 million still to be issued.

The GSII checks are paid approximately every two weeks until every eligible Californian has received one.

California plans to issue most checks by the end of the year, with most direct deposits made by the end of October.

The checks are worth between $600 and $1,100 and are sent to people who earn less than $75,000 a year.

Meanwhile, those who qualified for the state’s first incentive program can get an additional $500.

Who is eligible for the stimulus checks?

To be eligible for the GSII stimulus checks, you must:

  • You must have filed your taxes for 2020 before October 15, 2021
  • Have California Adjusted Gross Income (CA AGI) of $1 to $75,000 for the 2020 tax year
  • Have wages from $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 the payment is issued

Also note that the checks cannot be claimed as a dependent by another taxpayer.

If you qualify for the check, you will usually get it through the refund option you selected on your tax return.

Most direct deposits were made between September 1 and October 31, but if you filed your tax return after September 1, you will have to wait 45 days.

Meanwhile, paper checks are going out depending on the last three digits of the zip code on your tax return.

You can check the paper check shipping schedule in our guide.

In total, an estimated $12 billion will be spent in hopes of providing financial assistance to residents financially affected by the coronavirus crisis.

Stimulus Control Update – California Gov Newsom spends $480 MILLION on $600 payments sent to people making just under $75K

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