Gov. Gavin Newsom signed Senate Bill 129 on July 12, which included $12 billion in cash relief for low to middle-income Californians hit hard by the COVID-19 pandemic. As part of SB 129, a new round of stimulus cash is headed to some California residents’ bank accounts this fall, according to the state’s Franchise Tax Board.
Newsom’s office this week said nearly two-thirds of Californians will qualify for a stimulus check of $600. Eligible families with children will receive an additional $500.
Officials with the Franchise Tax Board expect the payments to start going out by the end of August, and every two weeks thereafter. Cash will be sent either by direct deposit to bank accounts used for annual tax refunds or by paper checks.
In previous rounds of stimulus disbursements, direct deposit payments have typically arrived sooner than paper checks sent by mail.
Residents eligible for a fourth stimulus check must have filed their 2020 taxes no later than Oct. 15, 2021; have adjusted gross income of $75,000 or less for the 2020 tax year; be a California resident for more than half of the 2020 tax year; be a California resident the date payment is issued and cannot be claimed as a dependent by another taxpayer.
