CALIFORNIA plans to send out $1,200 stimulus checks plus $600 bonuses under its new Covid relief plan.
All Golden State residents who earn under $75,000 are to receive $1,200 in financial aid and an additional $600 for earnings under $30,000.
The stimulus payments are to be issued twice a month after eligible 2020 tax returns have been processed.
If the return was filed between January and March 1, 2021, the payment will arrive starting after April 15, 2021.
If the stimulus check is being sent in the mail, there can be up to a three-week delay.
If the return was filed after March 2, 2021, once the return has been processed, it could take up to 45 days for direct deposit and 60 days for paper checks.
To qualify for the stimulus you must:
- Have already filed your 2020 taxes
- Have made $75,000 or less
- Have lived in California for more than half of the 2020 tax year
- Be a California resident on the date of payment
- Not be eligible to be claimed as a dependent
- You must include your ITIN on your tax return. You are eligible if you file on or before October 15, 2021.
It will be expected for these payments to start rolling out in late May and early June.
For the first time, undocumented workers will now be available for the stimulus aid as well. Illegal immigrants will just need a valid ITIN showing they made under $30,000.
The Golden Gate Stimulus Plan is a $7.6billion fund, aimed at supporting low-income Californians struggling due to Covid-19.
The plan will supersede the third stimulus package by one month.
The California Policy Lab found that over an estimated 2million low-income citizens are missing out on over an estimated $5.7billion in possible stimulus payments.
The stimulus plan is mostly intended for those already on some sort of financial aid package, specifically those who have been most impacted financially by the Covid-19 pandemic.
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