Remember the $1B of unclaimed taxes that closed in the middle of last month? That was a missed opportunity for thousands of families, but now you have a new one if you missed it last time. These are the last hours to apply for the $1200 Stimulus Checks Direct Payment, for which you only have to meet these criteria and you will receive the money. Have you checked your bank account?
New round of Stimulus Checks: $1200 Direct Payment you can receive this month
Recently, the Government of California decided to introduce a new stimulus check to its residents. These stimulus checks worth $1200 are aimed at assisting the poor to meet their basic needs during this era of economic woes.
In this article, we will discuss the eligibility criteria and payment dates for those stimulus checks clarified and will guide you on how to apply and get your stimulus check. These are the last hours to apply for this direct payment, so don´t forget to do so if you meet the requirements (we will cover them).
Eligibility and payment dates: All you have to now about the $1200 Stimulus Checks
To be eligible for the $1200 stimulus checks, you must meet the following criteria:
- Income Limit: The consumer must have a gross income of less than $112,500 during the prior year.
- Federal Tax Credit: For example, you have to meet the Federal Tax Credit program requirements.
- Social Security Number: You need to have a Social Security number.
- Tax Filing Status: Besides you must have complied with all regulations in filing your tax returns to the letter.
The $1200 check economic impact payment can be regarded as not being paid yet as the authorities have not disclosed the dates when the money would be issued to people. However, what is expected is that these payments should go directly into the bank account of the eligible candidates.
You should know that this payment, because it is state and not federal, is compatible with the rest of the stimulus checks that you have applied for between 2020 and 2021. Likewise, it is also compatible with the payments of $930 of unclaimed taxes that we told you about last week (don’t forget to ask for that one either).
How to apply for the new Stimulus Checks? Last hours to do it
To apply for the $1200 stimulus checks, you must follow these steps:
- Verify Eligibility: Before apply, check whether you and the business meet the following qualifying conditions outlined above.
- Gather Documents: Gather supporting documents which include social security number, earnings reports among others.
- File Tax Returns: This is a sustainability test: When working on your state and federal tax returns, ensure they are 100% accurate.
- Review Process: Based on the data you provide, the government of California will assess your tax returns to dictate whether or not you will be granted the $1200 stimulus check.
- Receive Payment: After final approval, remittance will be made directly into your bank account in accordance with the prescribed parameters of the Social Credit System.
It should also be noted that this $1200 fund is a part of the welfare scheme that the government provides to those in need of funds because of economic problems. This important and much-needed program is meant to alleviate the financial stress that many low-salaried people and their families face in the current crisis.
This $1200 Stimulus Checks Direct Payment is great news for thousands of families who have been waiting for this economic impact measure to improve their financial situation. Either way, they are compatible with the other programmes we’ve seen this week (and most of the ones we’ll see in June, which are expected to be quite large compared to the first half of the year).
