Americans are lining up for a one-time bonus payout worth around $233 – see if you’ll get the extra cash

THOUSANDS of Americans who expected to receive up to $1,000 in bonuses will now receive less than $233.

Connecticut’s $30 million Premium Pay program offered essential workers a one-time payment of up to $1,000, but recent calculations show they won’t get even a quarter of that.


Thousands of Americans hoping to get $1,000 have had their payments drastically reducedCredit: Getty

The announcement was made by elected State Comptroller Sean Scanlon and Comptroller Natalie Braswell.

“I think it was obvious to everyone for months that there wasn’t enough money and there was more interest in the program than everyone expected,” Ms. Scanlon.

Initially, over 248,000 workers submitted applications, but only 207,000 were completed and 134,010 were approved.

Of these, 108,030 workers earned less than $100,000 a year, making them eligible for the maximum payment of $1,000.

Why millions of Americans are still waiting for $1,050 relief checks
Nine direct payments for Americans between $75 and $1,700 still to be released in 2022

Unfortunately, these employees will only receive $232.67.

Mr Scanlon is making calls for more funds to be added to the scheme to bring payments back to what they were originally supposed to be.

However, current estimates show that at least an additional $99 million will be needed to sustain the initial payout scale.

how much you can get

Payment amounts are broken down by the following income levels:

  • Full-time employees who earn less than $100,000 will receive $232.67 instead of the full $1,000 payment
  • Those who win between $100.00 and $109,999 will receive a payout of $186.13 instead of $800
  • Residents earning between $110.00 and $119,999 will receive a payout of $139.60 instead of $600
  • Workers who earn between $120.00 and $129,999 will receive a payment of $93.06 instead of $400
  • Full-time workers who earn between $130.00 and $149,999 will receive a payment of $46.53 instead of $200

About 12,000 part-time employees were entitled to $500, which was reduced to $116.

Payments will be made early next year and are considered taxable income.

To be eligible, candidates must have held a job in the private sector that did not allow them to work from home from March 2020 to May 2022.

Federal, state and municipal government employees will not be eligible for this program.

More help is on the way

Several states across the country are offering payments to help struggling residents.

Under California’s tax refund program, the state chose to send payments worth between $200 and $1,050.

Over 23 million California residents are online to receive money.

However, the state’s Franchise Tax Board (FTB) only sent 4.5 million direct deposits and issued 905,000 debit cards.

The state of Hawaii began sending tax refunds over the summer to help residents deal with rising prices.

Taxpayers who reported income below $100,000 were in line to receive $300.

Those who earned more than $100,000 but less than $200,000 a year were entitled to $100.

Elon Musk could kill Twitter if he doesn't step back to see his problems
Naomi Biden to marry Peter Neal on the eve of the president's birthday

See if you qualify for a direct payment of $1,200 available to thousands of people.

Additionally, see the dozens of states offering universal basic income programs.

Source link

Elaine R. Knight