The outcome of the coronavirus pandemic outbreak on the economy of the United States of America has been extremely devastating. In this kind of situation, any stimulus check aid provided by the government to the people will be of great help. So many families having low to middle income have all received their respective money from the federal government. A total of three batches of the checks have already been distributed and now a fourth batch just got approved in the state of California. The approval came from Gavin Newsom, the state governor.
Stimulus Checks In September
The next round of the stimulus checks is included in the budget proposal of the state. Accordingly, there is a provision in the proposal that talks about providing financial aid payments to all the eligible people of the state. As far as the statistics are concerned, about two-thirds of the people are eligible for the money. The reason for this is because an individual whose income does not cross 75,000 USD and households whose yearly income does not surpass 150,000 USD is set to receive the stimulus checks. However, it is to be noted that all those people must have resided in the state of California for more than 50% of the tax year of 2020.
The main amount of the fourth batch of the financial aid payments provided by the government of California is 600 USD. However, people having ITINs are eligible to receive more than 600 USD. And for the dependents and the taxpayers, the amount may go up to 500 USD. It has also been stated that the stimulus checks will be generated in the month of September the same year. The families can plan their expenditure and everything accordingly by then.