The U.S. government has announced that, in September 2024, stimulus checks worth $12,000 will be distributed to residents of California. This initiative aims to provide significant financial relief to eligible individuals and families, helping them improve their economic situation and cover basic living expenses as costs of living continue to rise.
Below, we explain the eligibility requirements, expected payment dates, and how you can claim this stimulus check. This program is designed to support citizens based on several criteria, ensuring that those who need it most can benefit from this financial assistance.
$12,000 stimulus checks in September 2024
The $12,000 stimulus checks set to be distributed in September 2024 to California residents aim to offer substantial relief to individuals and families who meet the established criteria. Unlike previous stimulus packages, this new program focuses exclusively on California residents, giving them specific access to this economic aid.
The Franchise Tax Board (FTB) will manage the one-time payment of $12,000. The exact payment dates are expected to be announced shortly, with the information being made available in time for beneficiaries to know when they can expect to receive their checks.
Why stimulus checks matter
Stimulus checks play a crucial role during times of economic hardship, as they provide direct support to people facing financial difficulties. These payments not only help households ease their financial burdens but also stimulate consumption, benefiting the economy as a whole.
By encouraging spending on goods and services, stimulus checks support small businesses and help reduce family debt. As a result, they not only improve the financial stability of those who receive them but also contribute to the broader economic recovery.
Eligibility requirements for the $12,000 stimulus checks in September 2024
To qualify for the $12,000 stimulus checks in September 2024, applicants must meet the following criteria:
- Income limit: Applicants must have earned less than $63,398 in 2023.
- Federal tax credit: Applicants must be eligible for the Federal Tax Credit.
California Earned Income Tax Credit (EITC): Residents who earned $30,931 or less may qualify for this credit, which offers additional support, including up to $3,529 for households with three or more children.
Is there a possibility of extending the $12,000 stimulus checks beyond California residents?
It does not appear that the $12,000 stimulus checks will be extended beyond California residents.
The $12,000 figure refers to tax rebates and credits. California residents may qualify for them when filing their 2023 taxes. It is not a single stimulus check payment.
To get the max of about $12,000, California residents must qualify for and claim the CalEITC, YCTC, and EITC.
The CalEITC and YCTC are California-specific tax credits with income eligibility limits of around $30,000. The EITC is a federal credit with a higher income limit of $63,398.
Eligible California residents must file their 2023 tax returns by April 15, 2024, to claim credits and rebates. E-filed refunds arrive in 21 days. Paper returns take up to 3 months.
Some states, like Pennsylvania, Vermont, and Alabama, offer rebates and credits to residents. The search results do not show that the $12,000 California rebate is being extended to other states.
