Last year millions of Americans received a third stimulus check to help keep food on the table or tide them over between paychecks as a part of the Covid relief package. However, that's not the last payment that you are eligible to receive.
A fourth stimulus check is now making its rounds for eligible taxpayers with millions being issued early next week.
Residents who live in the state of California are qualified to receive one-time payments of either $500 or $600 dollars as a part of the legislative measure passed in February of this year. Known as the Golden State Stimulus Program, it was designed to assist not only those still struggling but also includes a round of aid payments to immigrants who were left out in previous payment rounds.
In total, the package includes $3.8 billion in stimulus which is expected to reach as many as 8.5 million Californians and would provide a payment to nearly everyone living in the state with as many as 2 of every 3 individual meeting qualification guidelines.
In order to see if you will be one of the next Golden State Stimulus Program recipients, the following criteria must be met:
- A resident of the state of California
- Regular income tax payments
- An annual income of up to $75,000 for tax year 2020
- Have a valid social security number or ITIN(Individual Taxpayer Identification Number)
Taxpayers will receive checks for $600 while other qualified recipients will be provided checks in the amount of $500 dollars. However, both groups will also get $500 in additional funds for all qualifying dependents