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You can say goodbye to these COVID-19 stimulus benefits starting December 26



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Goodbye coronavirus utilities.

CNET staff

In less than three weeks, the last remaining coronavirus relief benefits were created to protect tens of millions of Americans from hunger, evictions and the financial ruin will end. Unless Congress can overcome their objections and pass a new emergency relief law in 2020 it could take weeks before new benefits can come back for a vote in Congress. Those weeks would take longer if Congress couldn’t reach an agreement sooner President-elect Joe Biden will be sworn in on January 20.

A bipartisan bill of $ 908 billion in the middle of the debate would be four months of the $ 300 weekly bonus payments for unemployed workers along with increased funding for improved unemployment benefits. The package also includes assistance for state and local governments – a point of contention – additional funds for the Paycheck Protection programs and money to support the Covid-19 vaccine, which was officially approved by the FDA Thursday.

Without that stimulus relief, here are the programs that will disappear from December 26.

read more: Here’s who wants to give you a second stimulus check today


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The Federal 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 did not happen, and most states have used up the six weeks of additional funding. The $ 300 bonus, according to the president’s memo, will expire on December 26 and is expected to go unused.

More months of unemployment insurance

Individual states handle unemployment insurance claims and determine whether a person qualifies, 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 additional 13 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.

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

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

Sarah Tew / CNET

Money for contractors, freelancers and handymen

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. If the federal government doesn’t renew it, it’s up to the states to determine whether to intervene on January 1. .

An eviction ban for tenants

The CARES Act 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 order related to more households, including tenants in 43 million households, but it also has a December 31st expiration date.

Federal Student Loan Deferral

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.

On February 1, borrowers may again charge interest on these loans and students may have to pay them off again, unless the servicers offer deferment options.

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


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