Politics

1 Million Californians To Receive Stimulus Checks This Week

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California’s Franchise Tax Board announced Oct. 22 roughly 1.15 million stimulus payments will be distributed this week to the residents who qualify for Golden State Stimulus (GSS) II.

The batch of stimulus payments scheduled for distribution this week includes approximately 400,000 direct deposits and 750,000 mailed checks. Most direct deposits will be issued by the end of this week.

“The Golden State Stimulus is key to lifting up those hit hardest by the pandemic and supporting California’s economic recovery, putting money directly in the hands of folks who will spend it on basic needs and within their local communities,” Gov. Gavin Newsom said in a statement.

The Governor’s office estimated that approximately two out of three Californians will be eligible for the Golden State Stimulus payment, which provides a total of $12 billion in relief.

As of this week, 4.5 million taxpayers have received their stimulus checks, totaling $3.2 billion. The Franchise Tax Board expects to issue all the payments by the end of the year.

The paper checks will go out by the last 3 digits of the ZIP code on the 2020 tax return. Though some payments may need a longer time to process for accuracy and completeness. The stimulus check m… (Read more)

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