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Extra $ 600 CARES Act unemployment benefit ends July 31st. Here you should know



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CNET

When cities began to be locked due to -1

9 covid In March, the federal government passed the 2.2 trillion Coronavirus Aid Response and Economic Security (CARES) law to help Americans and American businesses. Part of the package included additional unemployment benefits for people who lost their jobs due to the pandemic – and that additional funding is planned to end in less than 45 days (here is all you will lose).

More than 51 million people have applied for unemployment since the beginning of the rules on on-the-spot protection. With states providing between $ 235 and $ 1,220 per week in assistance, the additional $ 300 to $ 600 per week in Federal Pandemic Unemployment Compensation (FPUC) is an important part of many people’s economic lifeline.

When the program was launched in March, it was planned to run for four months and ended on July 31, 2020. We are almost there. And so far, Congress does not seem in a hurry to renew it. Read on for all the details.

Who is entitled to increased unemployment?

If you have been fired or flooded, you can apply for unemployment benefits from the state where you live. Once the state approves your claim, you can receive the state benefits you are entitled to – as well as Federal Pandemic Unemployment Compensation up to $ 600 per week, provided by the federal government.

How does the CARES law help people who have been fired or competed?

Each state has its own criteria for who is entitled to unemployment – and what these benefits mean. This includes how much money you are entitled to receive, which is usually based on your income, and how long you are entitled to receive it, which is usually based on how long you have had your last job. The CARES law provided a booster fund – which adds up to $ 600 extra per week – and also extended the states’ unemployment benefits to a maximum of 39 weeks instead of the typical 26 weeks.

How does the CARES law help self-employed people?

The CARES Act also created the Pandemic Unemployment Assistance (PUA) program, which provides benefits to individuals who would not normally be entitled to unemployment benefits from the states, such as gig workers, freelancers, self-employed entrepreneurs and small businesses whose incomes have been affected by the pandemic. According to the CARES Act, PUA funding will be available until 31 December 2020.

How are my unemployment benefits calculated?

The state decides how much each applicant should receive, usually based on an individual’s gross income. It varies from state to state but is usually between $ 300 and $ 500.

How can I find out if I am entitled to unemployment benefits?

The eligibility criteria also vary from state to state, but the general rule is that you should apply if you have lost your job or have been exceeded through your own fault. This would include a job lost directly or indirectly to the current pandemic.

How do different states handle this?

Again, the duration and amount of the benefit varies. Most states provide up to 26 weeks of funding, but others, such as Georgia, limit benefits to 12 weeks. On the other hand, Delaware will provide benefits for up to 30 weeks. The weekly amount depends on the applicant’s gross income when they were hired and ranges between $ 300 and $ 600, with a few exceptions. Mississippi pays up to $ 235, while Massachusetts’ highest is $ 1220.

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

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

When exactly does the $ 600 booster fund end?

While Cares Act’s FPUC expires on July 31, those who received extra money may see it disappear a few days before the end of the month. A statement from the Department of Labor on June 24 said, “$ 600 can be paid for weeks ending no later than the week ending Friday, July 31,” according to a report by USA Today. All states except one have Saturday as the date to claim unemployment – New York does this on Sunday. This claim is then paid during the first half of the week depending on the state. This means that people who receive FPUC will receive their last additional $ 600 before the end of July 31st.

What efforts are underway to increase improved unemployment benefits?

A number of Congress Democrats continue to push for an extension of unemployment benefits. The HEROS law proposed by Congresswoman Nita Lowey, a New York Democrat, would extend the federal pandemic unemployment benefit until January 31, 2020. It would also pave the way for a second incentive payment.

The Workers’ Relief and Safety Act has been proposed by Senator Michael Bennet, a Democrat from Colorado; Senator Jack Reed, a Democrat from Rhode Island; and Rep. Don Beyer, a Virginia Democrat. It would extend unemployment benefits until President Trump declares the COVID-19 emergency is over. At that time, the benefits would continue for another 30 days and then end. Those who are still unemployed would still receive weekly funds – but the amount would be reduced over 13 weeks depending on the unemployment rate in each state.

Both proposals have been opposed by Senate Republicans including Senator Mitch McConnel of Kentucky and Senator Lindsey Graham of South Carolina. GOP leaders have taken issue with rising unemployment and say it discourages workers from returning to their jobs. Graham said that in April, the approval of unemployment benefits would go over “over our dead bodies.” Sen. McConnel said on July 6 that the next relief proposal could include one second stimulus control for those who earn $ 40,000 a year or less.

Treasury Secretary Steven Mnuchin spoke with Bloomberg on June 23 and said another stimulus proposal is being discussed. But he went on to say that it would focus on the companies most affected by the pandemic.

On July 1, the Senate Democrats introduced a bill to extend unemployment to March. The available money would be linked to state unemployment. When the three-month average unemployment rate falls below 11%, the amount of support would be reduced by $ 100 until the average falls below 6%.

What happens on 31 July if no further legislation is adopted?

The additional $ 600 bay per week will end. Those who are still entitled to unemployment benefits will continue to receive them from their states.




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