Low-income people in California will get a lot of money from the upcoming $12,000 stimulus check for 2024. The goal of this program is to give qualifying people and families a lot of help with their essential costs.
Unlike previous stimulus payments, this new $12,000 payment is only for people who live in California. This is a focused way to help the economy. We’ll go over all the important information here, such as who is eligible, when payments will be made, and how to claim your stimulus check.
$12,000 Stimulus Check 2024: A Quick Look
The Franchise Tax Board (FTB) is in charge of the one-time $12,000 stimulus payment. As soon as payment times are set, eligible residents will know when to expect their stimulus payment. The main goal of the program is to help low-income families who are having a hard time meeting their basic needs by giving them a big financial boost through tax refunds.
| Category | Details |
|---|---|
| Organization | Franchise Tax Board (FTB) |
| Benefit | New Stimulus Payments |
| Country | USA |
| Amount | $12,000 |
| Payment Date | June 2024 (Online) |
| Category | Finance |
| Official Website | irs.gov |
Eligibility Requirements
To qualify for the $12000 stimulus check 2024, applicants must meet specific criteria:
Income Limit:
Earned less than $63,398 in 2023.
Federal Tax Credit:
$12,000 'Stimulus Check' Available For Eligible Recipients https://t.co/hZix8TJlCV
— News/Talk 1130 WISN (@newstalk1130) January 29, 2024
Eligibility includes provisions for those qualifying for the Federal Tax Credit (FTB).
California Earned Income Tax Credit:
Residents earning $30,931 or less qualify, providing additional support up to $3,529 for households with three children.
Child Benefits:
Payment amounts vary based on the number of children:
-
- Three or more children: $7,400
- Two children: $6,600
- One child: $4,000
- No children: $600
Dates of Payment
The Franchise Tax Board (FTB) wants to give the $12,000 stimulus checks to people in California in June 2024. But these times have not yet been officially confirmed. The goal of this payment is to lessen the effects of rising inflation by keeping the cost of living the same for people with low incomes. People who receive FTB should check the website often for new information.
Read also: Social Security announces changes influencing millions of account holders
Some Important Links
- $1000 Rental Assistance Payment For Social Security SSDI & SSI July 2024: Check Eligibility, Dates & Claim
- ISTSE Olympiad Scholarship 2024 Registration, Online Exam, Awards and Benefits
How to Make a Claim
To get your $12,000 stimulus check, do these things:
- Verify Eligibility:
- Ensure you meet the eligibility criteria based on tax filing status and income thresholds.
- Gather Documents: Collect necessary documents such as your Social Security number and income statements.
- File Tax Returns: Accurately complete your state and federal tax returns, as the stimulus is typically claimed this way.
- Review Process: The California government will review your tax returns to determine eligibility for the $12,000 stimulus payout.
- Receive Payment: Once approved, the government will issue payments via mail order checks or direct deposit.
- Submit Claims: If you do not receive your payment, submit a claim for tax credits to ensure you get your stimulus check.
If you follow these steps, you should be able to get your $12,000 stimulus check and gain from the government’s financial aid programs.
FAQs
Who is eligible for the $12,000 stimulus check?
Eligibility requires earning less than $63,398 in 2023, qualifying for the Federal Tax Credit, and meeting additional criteria based on income and family size.
When will the $12,000 stimulus checks be paid?
The checks are expected to be distributed in June 2024, but the exact dates are pending confirmation from the Franchise Tax Board.
How can I claim my $12,000 stimulus check?
Ensure you meet the eligibility criteria, file your tax returns accurately, and follow the steps provided to claim your stimulus payment.
