قالب وردپرس درنا توس
Home / Tips and Tricks / If another incentive bill is passed, these five crucial benefits can be given new life

If another incentive bill is passed, these five crucial benefits can be given new life



093-cash-money-dollars-bills-stimulus-check-congressional-pass-mail-banking-finance-desperate-poverty-us-treasury

Are the coronavirus tools coming back? Signs indicate yes.

Sarah Tew / CNET

Like new COVID-19 Rescue Package passes before December 26, the last remaining coronavirus programs will start to evaporate, including $ 300 per week of federal unemployment insurance for tens of millions of Americans without work. Negotiations will continue all weekend on one $ 900 billion bipartisan stimulus bill that includes one second stimulus control valued at up to $ 600, which is half the maximum of $ 1,200 that the first stimulus payment brought in in the spring.

The working understanding on Capitol Hill is that President-elect will seek Joe Biden another stimulus package in 2021. It is not clear whether that one third stimulus check, but it can extend certain protections, such as a stop on the majority of rent-related loans and the extension of additional unemployment benefits for those who lost their jobs as a result of the pandemic.

As it is, the emergency stop gap stimulus package currently under consideration only extends some rescue measures for a few more months or even less. We take you through the specific benefits that expire in 2020, and how the new incentive law could extend them.


Now playing:
Look at this:

Following stimulus checks: what to expect


3:03

A weekly unemployment check of $ 300 bonus

Average weekly unemployment benefit does not always equal an employee’s income and typically ranges between $ 300 and $ 600. To help fill the gap, the CARES Act added one weekly unemployment benefit of $ 600. When that bonus expired on July 31, President Donald Trump signed an executive memo that paved the way for a smaller weekly bonus of $ 300 (for a six-week period) with the expectation that Congress would soon approve yet another aid package.

That hasn’t happened yet, and all states have used up the six weeks of additional funding. According to the president’s memo, the $ 300 bonus will expire December 31.

In the bipartisan package, the $ 300 bonus will restart for an additional 16 weeks once it expires, although it’s unclear when states would send the payments.

Extended weeks of unemployment insurance

Individual states handle unemployment insurance claims and determine whether a person is eligible, how much they receive, and for how long they can collect. While it varies from state to state, the CARES Act extended the duration of benefits from 26 weeks to 39 weeks. Beginning January 1, those 13 additional weeks provided by the federal government are over.

Some states have already filled the void themselves, including extending their disbursement period to 59 weeks, according to the Center for Budget and Policy Priorities. Others, including Alabama, Arkansas, and Utah, have taken no action against it, which could leave unemployed workers in those states unaided when the new year begins.

If Congress new incentive account, it would add another 16 weeks of unemployment insurance to cover job seekers until April.

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

033-cash-stimulus-bill-help-americans-poverty-last-dollar-torn-election

Can Congress put these programs back together before more damage is done? It’s a waiting game.

Sarah Tew / CNET

Unemployment pay for freelancers, contractors, handy workers

Another initiative of the CARES Act, the Pandemic Unemployment Assistance Program, also known as PUA, provided economic relief to those who would not normally qualify for unemployment: the self-employed, contractors and handymen. The PUA will end on December 31, but most will receive their final check on December 26.

The $ 748 billion relief package would bring an additional 16 weeks of PUA, along with the $ 300 weekly bonus.

An eviction ban for tenants and home owners

The CARES Act provided limited protection in evictions by focusing only on homes with a federal mortgage loan or households that received some form of federal funding. The the protections were then expanded in September by the Centers for Disease Control, who called for an end evictions for non-payment of rent.

The agency’s assignment included more households, including tenants in 43 million households. But it also has an expiration date of December 31st.

If it incentive account passes, it would extend the moratorium by one month. It is then expected that elected president Biden would give a longer extension he will take up his duties on 20 January.

Student loan deferment

Students who pay off federal student loans were also given a reprieve under the CARES Act, allowing them to defer their loan payments (and halt interest accrual) until the end of September 2020. In August Trump extended the delay to December 31. United States Secretary of Education Betsy DeVos announced a one-month extension on December 4 due to a postponement to January 31.

The $ 748 billion relief package does include a student loan deferment that would last until April.

For more information, here the most recent status of stimulus negotiations and here is everything we know about the next lump sum payment.


Source link