If you are a resident of Maine, a bonus incentive payment may be headed your way. Governor Janet Mills recently announced that some residents should expect an incentive payment. The state will send a check for $285 to eligible residents who meet the income thresholds. The checks were sent in mid-November and will be sent throughout December. Keep reading to find out what you need to know.
Many Americans are still having a hard time
The pandemic changed the financial situation for many Americans. Some individuals and families had to do without certain necessities, while others spent their savings or took on credit card debt to support themselves. For many households, stimulus measures helped ease the financial burden of the pandemic.
With costs rising due to inflation, many are hoping for additional relief for the new year. Some cities and states are using leftover pandemic resources to issue extra checks to their residents. Although life has changed significantly since the start of the pandemic, many households are still struggling financially.
Maine is one of the states that will provide its residents with additional emergency funds. Eligible Maine residents will soon receive a $285 bonus payment check in the mail. Some residents may have received their payment as early as November. Funding for these one-time payments comes from the Disaster Relief Payment Program.
More than 500,000 eligible Maine residents will receive checks, and approximately 100,000 checks will be mailed each week. With the holidays just around the corner, this extra check could help many people cover some year-end expenses.
You may be wondering if you will get an additional incentive payment. You are eligible for a check if you meet the following requirements.
- You filed an individual Maine income tax return as a full-year resident for the 2020 tax year before October 31, 2021.
- You received wages, salaries, tips or other taxable employee benefits in 2020.
- You are not regarded as being charged to another income tax return for the 2020 tax year.
- You have federally adjusted gross income for tax year 2020 that is less than the following amounts: $150,000 if married and filing a joint return or an eligible widow or widower, $112,500 if filing as a householder, or $75,000 if single or married but file separately.
You do not need to apply or do anything to receive these funds. Payments will be emailed to eligible individuals by December 31, 2021. If you qualify and haven’t received your $285 check yet, you should be keeping an eye out for it soon.
Maine isn’t the only state offering extra help
Other states have provided additional assistance to their residents. Program details and eligibility requirements vary by state.
Earlier this year, eligible Florida residents received one-time payments of $1,000. These checks have been made available to teachers, directors and social workers.
California sent two rounds of Golden State Stimulus checks to eligible residents who met income requirements. The first round paid out $600 or $1,200 to qualified residents. The more recent second round of payments ranged from $500 to $1,100.
Some Maryland residents also received incentive checks earlier this year. These were made available to residents with a low to moderate income. The state sent $300 payments to individuals and $500 to families who met the eligibility criteria.
It will be interesting to see if more states consider broadcasting additional aid checks.
If you are still struggling financially during the pandemic, you are not alone. We’ve rounded up some coronavirus resources that can help you get the help you need. In addition, these personal financial resources can help you make informed financial choices.