CALIFORNIANS are all set to receive their Covid stimulus checks within weeks if they filed tax returns by March 1
California’s Franchise Tax Board is now sending out the first state-level pandemic relief payments of up to $600 per person.
The first wave of Golden Gate stimulus checks is now going out to qualified Californians, straight to bank accounts and in the mail from the state’s Franchise Tax Board
They are in addition to the stimulus checks coming from the IRS for up to $1,400.
It is as part of the state’s $7.6 billion coronavirus relief package that includes sending $600 or $1,200 stimulus payments to qualifying state residents who qualify.
But the Franchise Tax Board (FTB) said the payments were going out twice a month for those who have filed eligible 2020 tax returns.
If you did this between January 1 and March 1, the FTB has processed your return and you will receive your stimulus payment after April 15.
The paper check may take four to six weeks to arrive for this group.
If you filed your state taxes after March 2, it can take up to 45 days for you to receive your payment as a direct deposit and 60 days for a mailed check.
California has a wait-time website to give you an idea how long the FTB is taking to process tax returns.
The US government has spent massively throughout the pandemic downturn by sending checks out to keep its economy afloat and its consumers spending.
Analysts say the upbeat data signals that approach, along with the spread of Covid-19 vaccinations, may be paying off.
Working families are set to receive new monthly stimulus checks from July.
The payments, expected to be up to $3,600 per child for 2021, are part of Joe Biden‘s $1.9 trillion Covid relief package.
The money is the result of a temporary expansion of the child tax credit, the IRS said.
Commissioner Charles Rettig said monthly payments will begin in July and continue until the end of the year.
Under the law, families will receive a $3,000 annual benefit per child aged six to 17 and $3,600 per child under the age of six for the 2021 tax year.Families which qualified for the latest $1,400 stimulus checks will also be eligible to receive the child credit cash
