California has already started sending the second round of stimulus checks under the Golden State Stimulus II program. Even though the first batch of payments (for the second round) were released earlier than expected, it is likely that many coronavirus stimulus checks to Californians may take a while to reach them.
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Initially, the first batch of payments under the Golden State Stimulus II program was expected to be issued on September 1. Gov. Gavin Newsom, however, announced Thursday (last week) that the payment would start to go out on Friday.
Following the announcement, the California Franchise Tax Board sent 600,000 stimulus payments via direct deposit last week (on August 27). This payment by now would have already reached the recipients.
Although the process to send the payment started earlier than anticipated, it is believed that many Californians may have to wait a bit longer for their stimulus check. This is because of the current rate at which the California Franchise Tax Board is releasing the payments.
According to the California Franchise Tax Board, the payments would go out in approximately two-week intervals for both direct deposit and paper check. So, the next batch of payments under the Golden State Stimulus program would go out around the middle of the month.
As per the Tax Board, the batch size of every round of payment could vary. The next batch of payments will go to about 2 million people. This second stimulus check under the Golden State Stimulus program would cover about two in three Californians. So, the number of eligible recipients would be much more than 2.6 million people who will be covered by the first two batches.
So far, the Tax Board has identified about 9 million tax returns that appear to be eligible for the payment. However, the agency expects to receive more eligible returns until the October 15 filing deadline.
Thus, considering the volume of payments, as well as the rate at which the payments are being issued, many Californians may have to wait a while to get their payment. The authorities, however, expect most payments to be issued before October 15.
Who Will Get The Payment?
Those who qualify for the payment under the Golden State Stimulus program will get $600, and those with dependents will receive $1,100. The stimulus payment will go to those making less than $75,000 a year. Most eligible recipients don’t need to do anything to get their stimulus checks besides filing a 2020 tax return.
In the first round of payments under the Golden State Stimulus program, which were issued this spring, those making less than $30,000 a year qualified for the payment.
To know more about the stimulus check, as well as get an answer to your queries, you can visit the California Franchise Tax Board's help section on its website. Also, you can use the Tax Board’s tool to determine the amount you would get.