Money Today That Matters Tomorrow
With Trump’s executive order to suspend employee payroll taxes for 2020 and defer them to 2021, many eligible workers will enjoy a temporary boost to their paychecks in 2020. However assuming no other pay increases or tax rate changes, those same employees will see smaller paychecks early next year as …
[2022 Update] The $300 supplementary payment made in 2020 and 2021, ended in all states on September 6th, 2021 (some states ended it earlier). Unless claims are in the adjudication process, At this stage all retroactive payments (including those for PUA and PEUC) have also been processed and no new …
Mortgage rates are at a record lows fluctuating right around 3%, down from nearly 7% in 2008 – so is it time to refinance your mortgage? With all the uncertainty the pandemic has brought refinancing your mortgage may be a significant financial lever for a lower monthly payment or to …
The North Carolina Department of Commerce oversees a variety of economic, community, and workforce development policies and programs. The Division of Employment Security (DES) manages the state’s unemployment insurance program by processing claims and paying benefits. This includes the now expired enhanced pandemic unemployment benefit (PUA, PEUC, etc.) programs. How Much Unemployment …
A New $300 supplementary unemployment payment in 2021? As part of ongoing discussions around an extension to unemployment benefits in the latest stimulus bill, lawmakers are reaching consensus on a supplementary $300 payment for up to 12 weeks between Jan 2021 and March 2021. This will likely work similar to …
I am sure you have heard the old adage that by getting a tax refund you’re giving an interest free loan to the IRS. Well there is a little more to this statement that may slightly alleviate the pain for millions of tax filers who have faced months of delays …
Over half of American households experienced a loss of income since mid-March from the pandemic induced slowdown and another 35% expect to lose unemployment income in the next 4 weeks. That was a finding from a Census Bureau study summarized in Bloomberg, which looked at anxieties that COVID-19 has brought …
[Updated following approval of 2021 UI program extensions under $900 COVID stimulus package] With the 2021 extension of PUA and PEUC, along with an extra $300 FPUC and $100 MEUC for 11 weeks, many states are updating their systems to process these changes. This means delays and potential lapses in …
Congressional leaders have passed a circa $900 billion stimulus plan that includes funding for an approximately 11 week extension (Dec 26th 2020 to March 14th 2021) to federal pandemic programs (PUA, PEUC) and additional supplementary unemployment benefits at $300 FPUC per week for millions of unemployed or underemployed Americans who lost their job or income due …
Over the weekend President Trump signed a series of executive orders expanding certain Coronavirus economic relief provisions, following the inability of Congress (Republicans and Democrats) to reach a deal on a new stimulus bill. The executive orders cover the following four key items, which are likely to be challenged in …
The IRS has now resolved glitches on the non-filer portal for those who did not file a tax return in 2018 or 2019, which was used as the initial basis for determining eligibility for the $500 Dependent Economic Impact Payment (a.k.a. stimulus check) approved under the CARES act. Non-filers were …
With the end of pandemic stimulus and unemployment programs, many folks in Michigan are wondering where to turn to for extra help during these trying economic times where the cost of goods and services keep rising, while the US economy careens towards a recession. This article provides some useful resources …
The Unemployment Insurance Division of the Wisconsin Department of Workforce Development (DWD) oversees the unemployment insurance program for the state. This includes processing and payment unemployment insurance claims. How Much Unemployment Can I Get? With the expiry the pandemic unemployment programs, only traditional/regular state unemployment is available for full or …
The unemployment systems and payments for Ohioans is under the purview of the Ohio Department of Jobs and Family Services (ODJFS) and is funded from the Ohio Unemployment Trust Fund. The money in the fund comes from unemployment taxes that local employers pay the state. For the past couple of …