Do you live in California and have trouble paying your bills? Here’s a great news for you. The California Franchise Tax Board (FTB) has launched a new financial relief program to support low-income individuals and families. You might be eligible for a $6,000 stimulus check in 2024!
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Purpose of this Stimulus Check
The state estimates that around 8.3 million low-income households will benefit from this program. If you’re eligible, keep an eye out for your payments, which should arrive consistently each month. If you experience any delays, wait three business days before reaching out to the FTB for assistance.
This program is designed to provide financial relief to those who need it most. If you meet the eligibility criteria, you could receive a $6,000 stimulus check in 2024.
Eligibility for $500 Per Month Stimulus Check?
To be Eligible for this Payment, here are the requirements:
- Residency: You must be a permanent resident of California.
- Income Limits: Your Annual income must be $75,000 or less (or $150,000 for married couples).
- Tax Filing Requirements: You must have filed your income taxes for 2020 by October 21, 2021.
- Social Security Number (SSN): You must have a valid SSN to verify your identity.
How You’ll Get the Money?
Instead of a one-time payment, eligible individuals will receive a monthly payment of $350. Married couples filing jointly will get $700 per month, and families with dependent children can receive an additional $350 per month.
When will stimulus check distribution start?
The FTB started distributing payments in June 2023, and they’ll continue until November 2024. That’s 18 months of financial support to help you cover essential expenses like groceries, healthcare, and education.
FAQs
Who is eligible for the $6,000 stimulus check?
California residents who meet certain income and tax filing requirements.
When will the payments start?
Payments began in June 2023 and will continue until November 2024.
How long will I receive the payments?
For 18 months.
Do I need to apply for the stimulus check?
No, eligible recipients will receive the payments automatically.
What if I haven’t filed my taxes yet?
You must have filed your 2020 taxes by October 21, 2021, to be eligible.
Is this program only for California residents?
Yes, it is for california residents
