The effects of the coronavirus pandemic have been devastating, so any help the government can provide, such as dunning checks, is welcome. In the United States, low- and middle-income families have already received three stimulus checks and now a fourth stimulus check has just been approved.
California Governor Gavin Newsom enacted a state budget proposal that includes a fourth stimulus check for residents of the Sunshine State. Here, we explain what it exactly means and who is eligible.
Who is eligible for California’s fourth stimulus checks?
Two-thirds of Californians are expected to qualify for these latest payments. This is because individuals earning up to $ 75,000 and families earning up to $ 150,000 per year will be eligible to receive the stimulus. These individuals, however, must have lived in California for more than half of the 2020 tax year and still reside in California at the time the check is sent.
The main stimulus check will be $ 600, but people with ITINs (Taxpayer Identification Numbers) may also receive an additional $ 600, while taxpayers with dependents may receive an additional $ 500.
To determine exactly how much your dunning check will be, you can check this official estimation tool.
The fourth stimulus checks are approved, so when will they be sent?
Payments will begin in September 2021, according to the State of California Franchise Tax Board, so it won’t happen right away, but it’s something California residents are looking forward to.
Knowing that these additional stimulus checks are coming can help Californians plan ahead for the remainder of 2021, with so many families having seen their incomes cut due to the pandemic.
“The direct stimulus checks are going into people’s pockets and the direct relief is significant,” Newsom said of these payments. â€œWe recognize the acuteness of the stress associated with delinquent rent and we recognize the acuteness of the stress when it comes to gas, electricity and water bills. We can keep people housed. We can keep people warm and safe, and make sure they get the kind of resources they deserve during this very difficult time. “