To assist low-wage workers, the state of Oregon has passed a measure that will see $600 payments made to over 236,000 households starting this week. People who claimed the Earned Income Tax Credit, a tax cut for low-income employees, on their 2020 taxes and lived in Oregon for the final six months of that year will get direct deposits or paper checks.
Singular claimants made less than $16,000, whereas married couples with three or more children made less than $57,000. There will be a deposit of $600 into the bank accounts of more than 136,000 Oregon taxpayers before July 1, and over 99,000 more taxpayers will get paper checks in the next week. In addition, they’ll get letters outlining the terms of the settlement.
Nearly $142 million will be distributed to low-income families. The program’s backers argued it would help low-income Oregonians pay for basic essentials like rent and food.
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“While Oregon’s economy has recovered quickly from the pandemic, we know this recovery was not felt the same across all of Oregon’s workers,” Sen. Kathleen Taylor, D-Portland, said when the law passed. “We have an urgent opportunity to support the equitable recovery of our workforce by sending relief to low-wage individuals and working families with the greatest need.”
The lump-sum payouts arrive at a time when inflation is at its highest point in 40 years. According to state economists, 80 percent of Oregon workers now earn less than they did before to the pandemic, adjusting for inflation.
Due to lower average salaries in rural areas of eastern and southern Oregon, many rural residents will benefit from the payments. According to the Oregon Department of Revenue, one in every six taxpayers in the state was eligible for the credit. A 23 percent percentage in Malheur County and a 9 percent rate in Washington are the highest and lowest rates in their respective states.
During the Covid epidemic in 2020 and early 2021, the state made payments to low-income workers after receiving three federal stimulus funds totaling $3,200 and additional payments for dependents. Stay tuned with us only on Lee Daily