Cash assistance

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

COLD hard cash will be making its way to thousands of Americans in the form of $300 direct payments as soon as this summer.

Hawaii's Governor David Ige first proposed a tax refund in his 2022 State of the State address given strong revenue projections.

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Thousands of Hawaii taxpayers could be eligible for $300 state refunds for themselves and their dependents this summerCredit: Getty

He 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 would help our residents get back on their feet.

"Both bills represent a collaborative effort to bring the people of Hawaii some relief as we continue to recover from the two-year pandemic."

Who is eligible?

Working families and individuals who are residents of Hawaii, along with their dependents, could benefit from the windfall after the state's Governor David Ige, signed two measures into law - one tied to the $300 payments.

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In order to be eligible for a tax refund under the new SB514 legislation, you must:

  • Earn less than $100,000 a year as an individual
  • Earn less than $200,00 annually as a couple

For those whose earnings are above those thresholds, they will receive $100.

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

That means an eligible family of four could earn up to $1,200 in state funds.

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Refunds are due to start rolling out in the last week of August, according to the state Department of Taxation.

The measure also commits $500million to Hawaii's rainy day fund and prepays $300million for retirement liabilities.

The second bill passed, HB2510, increases the state’s minimum wage for the first time since 2018, from $10.10 per hour to $12 per hour starting October 1.

It will increase to $14 per hour starting January 1, 2024, $16 an hour starting January 1, 2026, and to $18 on January 1, 2028.

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

According to the US Census Bureau, the median income in Hawaii is about $87,000.

The Sun has more on millions expecting to get a fourth stimulus check in Colorado.

Plus, the latest on child tax credits.

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