The California Franchise Tax Board (FTB) has started a new program to help low-income families and individuals with financial relief. This program offers $6,000 in stimulus checks over 18 months to help with the rising costs of living and economic challenges.
$6,000 Stimulus Check Approved for 2024
During the COVID-19 pandemic, stimulus checks were introduced to provide vital support. Now, due to ongoing financial difficulties from high inflation and living costs,
California has brought back this aid. Eligible residents will receive monthly payments of $500, starting in June 2023 and continuing until November 2024.
Key Points
- Total Amount: $6,000 per recipient over 18 months
- Monthly Payment: $500
- Payment Period: June 2023 to November 2024
Eligibility Criteria
To qualify for the $500 monthly stimulus check, you need to meet the following requirements:
Residency
- Must be a permanent resident of California.
Income Limits
- Individuals: Annual income must be $75,000 or less.
- Married Couples Filing Jointly: Combined annual income must be $150,000 or less.
Tax Filing Requirements
- Must have filed 2020 income taxes by October 21, 2021.
Social Security Number (SSN)
- Must have a valid SSN for identity and eligibility verification.
How Will the Stimulus Payment Be Given?
Payment Distribution
The stimulus checks are not given as a lump sum but will be paid monthly:
- Individuals: $350 per month
- Married Couples Filing Jointly: $700 per month
- Additional for Dependents: $350 per month for up to two dependent children
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 |
These payments are designed to help with essential expenses like groceries, healthcare, and education.
$6,000 Stimulus Check Timeline
Payment Schedule
The FTB started distributing payments in June 2023 and will continue monthly until November 2024.
Expected Monthly Payment Dates
| Month | Payment Date |
|---|---|
| August 2024 | Pending |
| September 2024 | Pending |
| October 2024 | Pending |
| November 2024 | Pending |
If there are delays, recipients should wait an additional three business days before contacting the FTB for assistance.
Benefits and Impact
The $6,000 stimulus check program will help about 8.3 million low-income households in California. These payments are intended to support residents in managing their living expenses more effectively.
The $6,000 stimulus check program from California’s Franchise Tax Board is an important initiative to help low-income families cope with financial challenges.
By understanding who is eligible, how payments are made, and the timeline, recipients can better manage their finances and make the most of this support.
1. How do I apply for the $6,000 stimulus check?
You do not need to apply separately. If you meet the eligibility criteria, you will receive the payment automatically.
2. What should I do if I don’t receive my payment on time?
Wait an additional three business days before contacting the FTB. Payments may be delayed occasionally.
3. Can I qualify if I have dependents?
Yes, families with dependents receive additional payments. You can get $350 per month for up to two dependent children.
4. What if my income changes during the payment period?
Your eligibility is based on your income at the time you filed your 2020 taxes. Changes in income after this will not affect your current payments.
5. How will I receive the stimulus check?
The checks are distributed directly to your bank account or sent as a physical check if you don’t have an account.
