Thousands of Americans to get $300 in direct payments in August – is a check coming your way?

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Cold hard cash will soon make its way to thousands of Americans in the form of $300 direct payments this summer.

Hawaiian Governor David Ige first proposed tax refund Gave strong revenue projections in his 2022 state of the art address.

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Thousands of Hawaiian taxpayers could be eligible for a $300 state refund for themselves and their dependents this summercredit: getty

They signed it into law this week.

Governor Ige said: “At the start of the 2022 legislative session, we made a commitment to support programs and policies that will help our residents get back on their feet.

“Both bills represent a collaborative effort to bring something to the people of Hawaii” relief As we continue to recover from the two-year pandemic.”

Who is eligible?

working families and individuals who are residents of airyAlong with your dependents, can benefit from windfall benefits after the state Governor David Igesigned two measures into law – one involving a $300 payment.

When to expect your state tax refund
You Could Get an Extra $500 on Your Tax Refund This Year Under State Proposal

to be eligible for tax refund under new SB514 Law, you need:

  • Earn less than $100,000 a year as an individual
  • Make less than $200,000 a year as a couple

For those whose income exceeds that limit, they will receive $100.

The tax exemption package will benefit taxpayers and dependents who filed in Hawaii for 2021, and is expected to cost the state about $250 million.

This means that an eligible family of four can earn up to $1,200 in state funds.

State-wise, refunds are due to start in the last week of August taxation department,

The measure also contributes $500 million to Hawaii’s Rainy Days Fund and prepays $300million. retirement liabilities.

Second bill passed HB2510For the first time since 2018, the state minimum wage has been raised from $10.10 an hour to $12 an hour beginning October 1.

This will increase to $14 per hour from January 1, 2024, $16 per hour from January 1, 2026, and $18 per hour on January 1, 2028.

The Governor said that more than 190,000 works would benefit from the wage hike.

according to US Census BureauThe median income in Hawaii is around $87,000.

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