Money Today That Matters Tomorrow
If you’re a SNAP (Supplemental Nutrition Assistance Program) recipient, or thinking of applying, there are several changes and potential cuts on the horizon for 2025. With ongoing political debates and budget decisions, it’s more important than ever to stay on top of the latest developments that could affect you or …
[December 2020 update in new COVID Relief Bill] With passage of the latest stimulus bill, the Paycheck Protection Program (PPP) has been extended until mid-2021 and provides $284 billion in new funding to this program that is supposed to help small business’ adversely impacted by COVID and allow them to …
Under the recently enacted CARES act that is providing $2 trillion in federal bailout funding financial institutions like mortgage companies, banks and online lenders now have to allow people who have lost their job or seen a significant reduction in income to make reduced payments or to skip payments (for …
Under President Biden’s $1.9 trillion federal coronavirus relief package, enacted as the American Rescue Plan (ARPA), enhanced unemployment benefits have been extended until September 6th, 2021. This includes further extensions to the PUA program, PEUC program, $300 weekly payment under the FPUC program and $100 Mixed Earners (MEUC) program. The ARPA also contained provisions for Unemployment tax …
[2023 Update] The SECURE 2.0 Act is a new law that aims to strengthen the nation’s retirement system. Some of the key changes brought about by the Act include increasing the age at which required minimum distributions (RMDs) must be taken from retirement accounts to 73 starting in 2023 and …
Congressional leaders and the President have now approved a $900 billion stimulus plan that includes funding for extending federal pandemic programs (PUA, PEUC) and providing another supplementary unemployment benefit (FPUC) of $300 per week for millions of unemployed or underemployed Americans. This new $300 payment will be made to eligible recipients between December 27th, …
Many unemployed Americans are now seeing unemployment stimulus checks coming through on a more regular basis, despite the widespread claim processing and payment issues. Large states like California, Texas, Florida and New York are leading the way with payments being caught up for past weeks where recipients were eligible. Further, …
The title of this post reflects some of the main questions I see across various traditional and social media channels with the Coronavirus Pandemic in full flight. Here are some answers to these including support programs in place Is unemployment expanding? The short answer is Yes. Federal and state governments …
On my post around the Coronavirus outbreak delaying tax refunds I recieved the following comment from Andrea: My husband is a barber and self-employed and due to him being self-employed we can’t get unemployment to do all together we’re pretty much screwed all barber shops in all beauty salons got …
The recently passed Families First Coronavirus Response Act (FFCRA) creates a new federal emergency paid leave benefits program where eligible workers will receive a benefit for a month (up to three months) in which they must take 14 or more days of leave from their work due to the qualifying …
Congress had passed the CAA which includes provisions that include enhanced unemployment benefit extensions and an additional $300 weekly supplementary payment. The new funding measures have extended PUA and PEUC programs by another 11 weeks allowing those with existing balances to rollover remaining weeks and additional weeks for those who …
[Update] – With the multi-round Coronavirus stimulus relief payments being paid out based on past year(s) tax return data (or SSI payment data), there has been a spike in emails, text and telephone scams where criminals are purporting to be from the IRS or Treasury asking for you to provide …
[Latest Update] In addition to the FFCRA act, Congress has now passed a much larger fiscal stimulus bill (the third one) aimed at addressing the rapidly deteriorating jobs and economic situation as the Coronavirus related shutdown continues. The new stimulus package is nearly $2 Trillion (that’s right, 12 zeros!) and …
With the Coronavirus shutting down several public institutions and forcing teleworking for millions of government employees, the IRS has announced, under the national emergency provision to tackle the Coronavirus, that they will postpone the April 15 tax-payment deadline by 90 additional days. This will affect and likely help millions of …