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Extra Unemployment Benefits: New account with $ 300 weekly bonus gains momentum



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There may be more weekly unemployment relief soon.

Angela Lang / CNET

Democrats and Republicans are still looking for a two-pronged deal about the details of new legislation on emergency economic aid that would provide financial assistance to those affected by the coronavirus pandemic. Last week, there were 712,000 new jobless claims, according to the Labor Ministry. These are 75,000 fewer new claims than the week before, but the Thanksgiving holiday may have reduced the number of new claims, according to The New York Times.

A group of bipartisan lawmakers is now working on legal language for a $ 908 billion COVID-19 aid package that would bring in a $ 300 weekly bonus for four months. If passed, the weekly unemployment bonus would be retroactive – lawmakers are reportedly debating whether it should also fall on December 1 or November and October, according to Jeff Stein, a Washington Post reporter.

Additionally, if passed, the proposal would give money to local and state governments, fund the Paycheck Protection Program, and help pay for the development and distribution of the Covid-19 vaccine. A second round of stimulus controls is not part of the proposal, but that could now come in 2021 instead.

With the support of Democrats and Republicans alike, the latest proposal for an incentive account would have the potential to kick-start negotiations to pass on more aid, including the additional weekly unemployment check. Senate leader Mitch McConnell initially said he would not entertain the $ 908 billion bill – which would essentially kill it – and has instead revived his own ‘targeted’ proposal for a fraction of the amount and no support for a weekly bonus for unemployment checks.

While McConnell expressed his willingness to compromise on Thursday, it’s not clear whether that means the $ 908 billion deal is still on the table, or whether the Senate leader will continue to push his own bill without it. bipartisan proposal to be put to the vote.

Read on for more information about additional unemployment benefits. We regularly update the information in this story.

Read more: Coronavirus Unemployment: Who Is Covered, How To Apply, And How Much It Pays


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What happens if the increased unemployment benefits are not extended?

According to a report by the New York Times Thursday, without a new incentive bill to expand the programs instituted by the CARES Act:

  • 7 million handy workers and contractors will lose their benefits
  • 5 million will no longer have unemployment checks
  • Several millions will have to deal with deportations
  • About 21 million euros will have to start paying for student loans
  • 125,000 companies will lose tax incentives not to fire employees
  • $ 150 billion in aid to the state and local government is expiring

The US government is currently in a lame duck session until President-elect Joe Biden will take office on January 20meaning that President Donald Trump would have to sign any aid package that comes through Congress, which is the only way at this point to get the improved unemployment benefits before they expire on December 31.

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Tens of millions of Americans are facing financial hardship.

Sarah Tew / CNET

What else goes away without a new incentive account?

Unemployed workers received a bonus of $ 600 per week, along with an extended period to collect benefits as part of the CARES Act. When the bonus ended in July, Trump signed a executive memo to restart the extra weekly funds, on top of the typical unemployment benefits.

Those funds are known as Lost Wage Assistance, or LWA, and the aid was planned to last six weeks, providing an additional $ 300 per week to unemployed workers as Congress continued negotiations to establish a adopt new economic aid package. States have already exhausted their resources. The revised Heroes Act of October 1 would increase the weekly bonus back to its original $ 600 for four months.

The CARES Act has enacted multiple programs with a due date of December 31, 2020. In addition to the larger checks outlined above, the Rescue Act also expanded unemployment benefits for new applicants to 39 weeks instead of the typical 26 weeks set by the states. Those extra weeks will disappear, except in those states that have already enacted a longer timeframe up to 2021.

Another program that expires on December 31 is the Pandemic Unemployment Assistance program. Self-employed contractors and handy workers do not normally receive unemployment benefits, but PUA allows them to receive weekly funds, similar to other unemployed workers.

Why were unemployment benefits increased in the first place?

Congress has it $ 2.2 Trillion CARES Act in March to help Americans and American businesses after cities started closing as a result of the pandemic. Included in the package was additional unemployment assistance for people who lost their jobs as a result of the pandemic.

Since the introduction of shelter-in-place rules, tens of millions of Americans have received the additional federal unemployment assistance. With states offering between $ 235 and $ 1,220 per week in aid, the additional $ 600 per week is an important part of many people’s financial lifeblood.

Who was eligible for increased unemployment benefits?

If you are fired or on leave, you are eligible to claim unemployment benefits from your state of residence. Once the state has approved your claim, you will be eligible for all state benefits to which you are entitled. Because states cover 30% to 50% of a person’s wages – some states offer more while others offer less – the additional $ 600 from the federal government was added to close the gap.

How has the CARES Act helped people who were fired or on leave?

Each state has its own criteria for who qualifies for unemployment – and what those benefits include. This includes how much money you can receive, which is usually based on your income and how long you are eligible to receive it, which is usually based on how long you have had your most recent job. The CARES law provided for an aid fund – up to $ 600 extra per week – while also expanding state unemployment benefits to a maximum of 39 weeks instead of the typical 26 weeks.

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Of millions of Americans, time is running out.

Sarah Tew / CNET

Who was not eligible for the extra unemployment check?

There will be some people who receive unemployment benefits who cannot take advantage of additional funding. The U.S. Department of Labor (PDF) issued guidelines on the eligibility requirements for the LWA on August 11. Plaintiffs would have to qualify for a minimum of $ 100 from a state’s unemployment benefit program to be eligible for the additional $ 300 federal funds. This would disqualify 1 million people, according to the New York Times.

How are unemployment benefits actually calculated?

The state determines how much each applicant receives, usually based on that of an individual Gross Income. It varies from state to state, but is usually between $ 300 and $ 600.

How do I find out if I was eligible for unemployment benefits?

Eligibility criteria vary from state to state, but the general rule is that you must apply if you have lost your job or are on leave through no fault of your own. This includes a job that is directly or indirectly lost due to the current pandemic.

How do different states deal with unemployment money?

Again, the duration and amount of the benefit varied. Most states offer funding for up to 26 weeks, while others, such as Georgia, limit benefits to 12 weeks. Delaware, on the other hand, extended benefits to 30 weeks. The weekly benefit amount depends on an applicant’s gross income when they were employed and ranges between $ 300 and $ 600, with some exceptions. Mississippi had paid up to $ 235, while Massachusetts’ maximum was $ 1,220.

Where can I find more information about my state’s policies?

Each state’s employment office provides more information about its specific unemployment benefits.

How has the CARES Act helped self-employed people?

The CARES Act also created the Pandemic Unemployment Assistance Program, which provides benefits to individuals who would normally not be eligible for state unemployment benefits, such as gig workers, freelancers, independent contractors, and small business owners whose income has been compromised by the pandemic. Under the CARES law, PUA funding is available until December 31, 2020.




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