2024 $12,000 Stimulus

California plans a $12,000 stimulus grant for low-income residents in 2024. This financial aid helps families pay essentials. This California-specific stimulus payment differs from others.  

What You Need to Know The FTB will handle this $12,000 one-time payment. It assists low-income families struggling to make ends meet. Payments should begin in 2024.  

Details: – Managed by: Franchise Tax Board (FTB) – Benefit: New Stimulus Payment – Amount: $12,000 – Payment Date: June 2024 – Website: irs.gov

Who Can Get the $12,000? To get the $12,000 stimulus check, you need to meet these requirements: Income Limit: You must have earned less than $63,398 in 2023. Federal Tax Credit: You should qualify for the Federal Tax Credit.

California Earned Income Tax Credit (CalEITC): If you earned $30,931 or less, you might qualify for additional support up to $3,529 if you have three children. Child Benefits: The payment amount depends on how many children you have: – Three or more children: $7,400 – Two children: $6,600 – One child: $4,000 – No children: $600

When Will You Get Paid? Payment Dates In 2024, the FTB will send $12,000 cheques. These dates have yet to be confirmed. Watch their website for official dates and updates.  

How to Claim Your Check Here’s how you can claim your $12,000 stimulus check: 1. Check Eligibility: Make sure you meet the income and tax credit requirements. 2. Gather Documents: You’ll need your Social Security number and income statements. 3. File Your Taxes: Complete your state and federal tax returns accurately.

1. Wait for Review: The government will review your tax returns to confirm if you qualify. 2. Receive Payment: Once approved, you’ll get your payment via mail or direct deposit. 3. Submit Claims: If you don’t receive your payment, you can submit a claim for the tax credits.

Also See

New Claim Alert: $4875 + $2600 for SSI