Many Unemployed Getting Retroactive Unemployment Back Payments and Can Claim 2020 UI Tax Break in 2021

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 …

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Coronavirus Stimulus Bill allows early 401k or IRA retirement account distributions and loans. RMD Suspended For 2020.

Under the recently passed $2 trillion CARES stimulus bill, workers will see a temporary loosening of the hardship distribution rules from retirement accounts. Eligible people affected by COVID-19 related fallout will have access to up to $100,000 (or 100% of their account balance if lower) of their retirement savings without …

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Where is My $600 Weekly Unemployment Stimulus Check and Getting it With PUA and PEUC to the end of 2020

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, …

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Is unemployment expanding? Are governments getting checks in people’s hands? Are banks suspending mortgage, rent and debt payments?

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 …

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Beware COVID Stimulus Scams for IRS Tax Data, Bank Payment Information and Personal Details

[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 …

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2020 Fiscal Economic Stimulus to Combat Recession Fears Amid Coronavirus (Covid-19) Outbreak

[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 …

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