A tax credit aimed at providing tax relief to low-to-moderate income earners also gives eligible Oregonians several hundred dollars over the next week.
If you’re eligible for a tax credit on income earned on your 2020 taxes and you were living in Oregon at the time, you might want to watch your bank account or box a little more closely. letters in the next few days. Thanks to a state law passed earlier this year, low-income Oregon households who received the tax credit in 2020 will soon receive $600 by direct deposit or mailed check.
The Oregon Department of Revenue estimates that 236,287 eligible households should receive payments in about a week.
“All direct deposits will be made and checks will be mailed by July 1, 2022,” the Department of Revenue said in a statement outlining the payments.
Passing House Bill 4157, Oregon lawmakers demanded the money be paid by the end of July 2022.
To qualify for the credit, taxpayers must meet certain income limits. For example, a family with two children should earn no more than $53,865 per year, according to the Oregon Bureau of Labor and Industries.
Oregon lawmakers approved spending money from federal pandemic relief funds approved by Congress in 2021. HB 4157 passed the Oregon House on March 2, by a margin of 42 to 16 and by a 23-2 vote in the Oregon Senate the following day. .
Among the groups supporting the $600 payments were the Oregon Food Bank, Latino Network and unions such as the Service Employees International Union and the Oregon AFL-CIO. Lawyers said the money would help Oregonians who have suffered some of the most devastating effects of the COVID-19 pandemic.
“Our state’s low-income workers, especially women and mothers of color, have played a critical role in Oregon’s critical infrastructure, while disproportionately bearing the brunt of this COVID-19 crisis. “Family Forward Oregon policy manager Lisa Kwon said in written testimony to the House Rules Committee on Feb. 17.
The state Department of Revenue has compiled a “Frequently Asked Questions” webpage for Oregonians wanting more details about payments.