Newark expands UBI pilot program
Thanks to Newark, New Jersey expanding its guaranteed income pilot program, 400 residents will now get payments for two years, the Sun reported last month.
The payments totaling $12,000 over two years will be given out in two ways.
Half of those participating in the program will get $250 on a biweekly basis, while the remaining 50 percent will get two payments of $3,000 each year, according to a statement by the city.
The residents in the program were selected after applying via an online portal, which was done in partnership with the University of Pennsylvania’s Center for Guaranteed Income Research.
The residents were selected based on the following requirements:
- Must be at least 18 years of age
- Must possess an income at or below 200 percent of the federal poverty line
- Must be adversely impacted by the Covid-19 pandemic
Eligibility for Oregon payments
In order to get the credit, singles or heads of the household with no children adjusted gross income (AGI) must not have exceeded $15,820 in 2020.
This figure was $21,710 for married couples, according to the Internal Revenue Service (IRS).
If you have children, here are the income limits:
- Singles with one child: $41,756
- Married couples with one child: $47,646
- Singles with two children: $47,440
- Married couples with two children: $53,330
- Singles with three children: $50,594
- Married with three children: $56,844
$600 checks in Oregon, continued
To be eligible, you need to qualify for and claim the Earned Income Tax Credit on your 2020 tax return.
The deadline to file was December 31, 2021, or April 15 for an amended return. Those who missed the deadline will not receive the one-time payment.
However, they can still amend their federal and Oregon return to claim the Earned Income Tax Credit for that year.
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