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



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$ 600 from the CARES Act ends next week.

Sarah Tew / CNET

The federal government passed $ 2.2 trillion Coronavirus Aid Response and Economic Security, or CARES Act, to help Americans and American companies after cities began to lock due covid-19 The package included additional unemployment benefits for people who lost their jobs due to the pandemic – and that additional funding is planned for the end of July 31, but for many, their final $ 600 ends before that (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 $ 1220 per week in assistance, the extra $ 300 to $ 600 per week in Federal Pandemic Unemployment Compensation 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. We are almost there, and so far Congress has not yet come up with a plan to extend 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 FPUC funding 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.

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The CARES law extra $ 600 unemployment benefit ends July 31. What happens now?

Angela Lang / CNET

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?

Eligibility criteria also vary from state to state, but the general rule is that you should apply if you have lost your job or exceeded 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.

How does the CARES law help self-employed people?

The CARES Act also created the Pandemic Unemployment Program, which provides benefits to individuals who would not normally be entitled to unemployment benefits from states such as gamblers, freelancers, independent 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.

When exactly does the $ 600 booster fund end?

While Cares Acts’ FPUC expires on July 31, those who received extra money may see it disappear a few days before the end of the month. A June 24 statement from the Department of Labor said, “$ 600 can be paid for weeks ending no later than the week ending Friday, July 31,” according to USA Today. All states except one have Saturday as the date for claiming 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?

The Congress Democrats continue to push for an extension of the unemployment benefit. The Hero Act passed by the House of Representatives in May, but not by the Senate, would extend the FPUC until January 31, 2021. It would also pave the way for a second incentive payment.

The Workers’ Relief and Safety Act has been proposed by Democrat Senator Michael Bennet, Senator Jack Reed and Rep. Don Beyer. It would extend unemployment benefits until President Donald Trump declares that 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 Republicans, including Senate Majority Leader Mitch McConnell. GOP leaders have taken issue with rising unemployment and say it discourages workers from returning to their jobs. Then Lindsey Graham said that in April, the approval of unemployment benefits would pass “over our dead bodies.” McConnell 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 told Bloomberg on June 23 that another stimulus proposal is being discussed. However, he said 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 a state’s three – month average unemployment rate falls below 11%, the amount of aid would be reduced by $ 100 until the average falls below 6%.

Even if Congress extends support before July 31, it will take two to four weeks for states to reintroduce benefits under the Economic Policy Institute.

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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