The new stimulus checks that are reaching households across the United States are a relief for families. Receiving one of these payments, whether recurring or a one-time direct payment, is a huge financial help for many families. In this case, we are talking about the State of California, where we will see a new check coming soon.
This new stimulus check is part of California’s Guaranteed Basic Income. So, the ultimate goal of this extra payment is none other than to ensure that some Americans have enough money to pay all their monthly bills. Fortunately, these kinds of benefits are very common and citizens can apply for them throughout the year.
While it is true that the deadline for applying for this stimulus check is over, we can still receive it. And that is because we have to wait for the State of California to announce who will receive this monthly payment of $500. Very soon Americans who have this payment accepted will be able to enjoy the benefit.
WHERE IS THIS NEW STIMULUS CHECK FROM?
The new stimulus check related to the Guaranteed Basic Income is in the State of California, as we have previously mentioned. To be more precise, El Monte residents will be able to receive this monthly money. So if you live in El Monte and have applied for the benefit you will be able to start receiving it very soon.
However, not all Americans who have applied for the check will be able to enjoy it. Remember that there are requirements and the application period is over. Therefore, the only thing left to do today is to wait to see if you are one of those selected to receive the money.
WHO WILL RECEIVE THIS CHECK FROM EL MONTE AND FOR HOW LONG?
Only people who applied for the benefit before April 15 will be entered into the lottery to get this stimulus check. If you applied for the benefit and meet the requirements, you can get your check very soon.
Plus, best of all, it’s not a one-time payment. This benefit is something that will come over a long period of time to citizens who have the benefit accepted. Therefore, any American with this stimulus check will be a year collecting $500 a month.
Best of all, this benefit is compatible with other types of benefits. So if you collect Social Security you will be able to receive this check at the same time so you can enjoy some extra money.
However, you have to watch out not to exceed the explicit threshold imposed by El Monte. In order to receive the monthly stimulus check, it is mandatory to meet the requirements that you can find on their website.
More about stimulus check:
- Americans in 14 states to receive a direct payment of a $600 stimulus check
- California citizens can receive a new stimulus check of up to $500 in just a few days
- New stimulus check: State of Minnesota to send direct payments of up to $520
Whats is a stimulus check?
A stimulus check is a direct payment from the U.S. government to individuals, aimed at providing financial relief during economic hardships. Issued notably during the COVID-19 pandemic, eligibility is based on income, tax status, and dependents.
Amounts varied, with checks ranging from $600 to $1,400. Funded by federal borrowing, the IRS distributed these via direct deposit, paper checks, or prepaid cards. They are generally not taxable