Wow! $6,000 Stimulus Check Approved for 2024: Know Eligibility Criteria & Payment Details:-The California Franchise Tax Board (FTB) has started a new scheme to help people and families with low incomes get extra money.
Over the next 18 months, this program will send out $6,000 in stimulus checks to help people deal with rising costs of living and economic uncertainty.
That is all you need to know about who can get this money, when payments are due, and how to get it.
A $6,000 stimulus check has been approved for 2024.
When they were first given out during the COVID-19 outbreak, these stimulus checks were very helpful. High inflation and living costs are still making it hard for people to pay their bills, so California has brought back this help by giving eligible residents $500 every month. From June 2023 to November 2024, the payments will keep coming in.
Important Points:
Amount: $6,000 for each winner over 18 months
Payment every month: $500
When to pay: June 2023 to November 2024
Criteria for Eligibility
People must meet the following requirements in order to be eligible for the $500/month stimulus check:
Applicants must be permanent residents of California.
Limits on income
Individuals: You must make less than $75,000 a year.
If a married couple files jointly, their combined yearly income must be less than $150,000.
Needs for Filing Taxes
By October 21, 2021, everyone must have turned in their 2020 income taxes.
Social Security Number (SSN) Applicants must have a valid SSN so that their name can be checked and they can be considered.
How Will the Stimulus Payment Be Given?
Payment Distribution
These checks will not be given all at once. Instead, people who are eligible will get:
$350 a month for people
Joint filers who are married: $700 a month
Extra Amount for Dependents: $350 extra per month for up to two children who rely on you.
Payment Breakdown
| Recipients | Monthly Payment |
|---|---|
| Individuals | $350 |
| Married Couples (Jointly) | $700 |
| Families with One Dependent Child | $1,050 |
| Families with Two Dependent Children | $1,400 |
The goal of these funds is to help low-income families better balance their budgets by covering important costs like food, medical care, and school.
$6,000. Check the Stimulus Timeline
Plan for Payment
The FTB started giving out the boost money in June 2023. The payments will keep coming every month until November 2024.
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Expected Monthly Payment Dates
| Month | Payment Date |
|---|---|
| August 2024 | Pending |
| September 2024 | Pending |
| October 2024 | Pending |
| November 2024 | Pending |
People who are supposed to get help from the FTB should wait an extra three work days in case of delays.
Everything We Know
Goods and Effects
About 8.3 million low-income households in California will get a $6,000 stimulus check through the scheme. These payments give residents much-needed financial relief, which helps them better handle their living costs.
Payments Still Due
The payouts for this month have not yet been made, but officials have said that the checks will be sent out in the next few days. People who have been given money should keep an eye on their bank accounts and official FTB releases for any new information.
The California Franchise Tax Board’s $6,000 relief check program is a big way to help low-income families who are having a hard time with the economy.
Residents can plan and use these funds to improve their financial security if they know the requirements for eligibility, payment schedules, and methods of distribution.
FAQs
Who is able to get the $6,000 aid check?
Individuals who live in California permanently and make less than $75,000 a year or $150,000 a year if they are married and file jointly must have made their 2020 tax returns by October 21, 2021, and they must also have a valid SSN.
How much will people who are qualified get each month?
People who are eligible will get $350 a month, and married couples filing jointly will get $700 a month. Families with up to two children who depend on them can get an extra $350 a month.
When will the stimulus money be sent out?
The payments started in June 2023 and will be made every month until November 2024.
What should I do if I am late with my payment?
If your payment is late, you should wait three more work days before calling the FTB for help.
How can I find out what is going on with the payment?
Keep an eye on your bank account and read the FTB’s public announcements for the most recent information.