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Tuesday, October 19, 2021

Stimulus Check Update: When Will The Third Batch Go Out

According to the Franchise Tax Board, the third batch of the Golden Stimulus Check will be sent out in the early half of next month. Several officials of the state will be sending out a mixture of mailed paper checks as well as direct deposits of a single-instance check on the 5th of October and would go about sending the payments every two or three weeks.

This was further elaborated by the spokesperson for the Franchise Tax Board, Andrew LePage, in an official email. According to major reports, a couple of batches of payments through direct deposit were issued the previous month- around 600,000 on the 27th of August, and 2 million on the 17th of September. 

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 The Golden State Stimulus check payments have been a major part of the second round of payments which were targeted at alleviating the suffering of those who had an annual earning below $75,000 for 2020. Initially, the Governor of the state, Gavin Newsom, had signed a plan worth $100 billion in July that then included a cash payment of $600 for low- and middle-income people especially in an effort to those who were hit the hardest by the coronavirus pandemic. He also stated that this group involved close to 66% of the population of the state. 

Do I qualify for the new stimulus check payments?

It has been reported that for the second round of stimulus check payments, individuals who earned under $75,000 per year would be receiving a one-time direct payment of $600. Also, in the event that you weren’t eligible for the first payment and did not move in to claim your dependent, you would be receiving an extra $600. If you also did not qualify previously and went on to claim a couple of dependents, you would be receiving a sum of $500 which will be added. 

One needs to remember that if they received the stimulus check in the first issue, and then went on to claim a couple of dependents, they would be receiving a sum of $500.

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