5 financial aid that will continue to be available when they finish sending $ 300 extra weekly for unemployment

Americans who have been receiving the extra $ 300 a week for unemployment under the “American Bailout Plan” for the past few months will no longer have those additional funds as of September 6.

The Biden Administration announced last week that the aid was always viewed as temporary, so in view of the economic recovery that the country is experiencing amidst vaccination efforts against COVID-19, the authorities consider that it is not necessary to extend the aid again.

The $ 300 endorsement will expire on September 6, as planned ”, indicated in a letter sent to the Senate Finance Committee, Janet Yellen, Secretary of the Treasury, and Marty Walsh, Secretary of Labor.

The weekly number of claims for unemployment benefits rose to 353,000 last week, compared to 349,000 the previous week, the Bureau of Labor Statistics (BLS) reported Thursday.

Nevertheless, the average number of requests in four weeks was 366,500, versus the 377,750 until the previous week. This is a minimum since the arrival of the pandemic.

More general figures from the aforementioned office also show that the unemployment rate has gradually decreased in recent months to 5.4% in July, after a 10% rise in 2020.

In light of the above, millions of Americans who had that extra money will now have to focus on finding work.

At the same time, there are several programs also approved under the third stimulus law that function as economic lifesavers for citizens who are still with “water around their necks” due to the impact of the coronavirus on their finances. Below we list five provisions contained in the “Economic Rescue Plan” of last March that are still available or that are being distributed by federal authorities.

You may aslo like  How the delivery of unemployment benefits of $ 400 per week will work

“Child Tax Credit” or “Child Tax Credit” (CTC)

The statute approved in the federal Congress provided for six advance payments between July and December of this year and an increase in the amounts for minors who qualify for the CTC.

The Internal Revenue Service (IRS) started early deliveries on July 15. Some 36 million families in the US have been receiving the monthly advance payments that fluctuate between $ 250 and $ 300 per retail eligible at home.

Families that, being eligible, have not yet received payments from the past two months must submit their information to the IRS so that the agency can process the next payment for September and the previous ones.

In many cases, these are low-income households that are not required to file taxes.

However, now they must do the presentation process as soon as possible or use the “Non-Filer Sign-Up” tool on IRS.gov to request them.

People should provide your details through the IRS website by August 30 to receive next September monthly check under “Child Tax Credit.”

Under the third stimulus bill approved in the federal Congress, the maximum amount for each child between 6 and 17 years of age was increased to $ 3,000 and to $ 3,600 for each child under the age of 6.

Through December, the IRS will process the monthly check every 15 days.

Refund under exemption of $ 10,200 in payment of unemployment taxes

Some Americans are still waiting for reimbursement under the $ 10,200 tax exemption for unemployment benefits received in 2020.

You may aslo like  The FDA's list of dangerous hand sanitizers has now grown to more than 100

Until July 28, the IRS had issued more than 8.7 million refunds unemployment compensation for a total of more than $ 10 billion.

The process for sending these payments began at the end of May and was will extend until the end of summer with the review of the most complex tax returns or those that claim dependents and tax credits.

Although the adjustment is automatic for most eligible taxpayers, in some cases eligible individuals must submit an amended return to the agency; here you can orient yourself about it.

Taxpayers who earned less than $ 150,000 in adjusted gross income Modified may exclude part of unemployment compensation from their income or up to $ 10,200 per person. This means that they do not have to pay taxes on that part.

Emergency Rent Assistance Program (ERAP)

Funds under the Emergency Rent Assistance Program (ERAP) are still available in some states.

The United States Congress separated $ 46 billion in emergency aid for state and local governments to distribute to residents to pay for housing rent and utilities.

The funds will be provided directly to the states (including the District of Columbia), US territories, local governments, and designated tribal housing entities with more than 200,000 residents to be distributed to eligible individuals.

The funds must be disbursed to beneficiaries through recently created or existing rental assistance programs in each demarcation, according to a statement from the Treasury Department.

You may aslo like  Meet the 'vaccine hunters'

Each state or locality has its own page to apply for assistance.

SNAP check upgrade

Last week, the United States Department of Agriculture (USDA) announced on the 25% increase in the amount of food stamps (SNAP) starting next October. The rise occurs as a result of a review of the Thrifty Food Plan (TFP) guidelines.

The amount of extra money per month will impact about 42 million SNAP recipients.

The average that each beneficiary will receive per month is $ 36.24 or $ 1.19 per day. A family of four could receive up to $ 835 a month, compared to the current maximum of $ 782.

Extension of moratorium on evictions

On August 3, the director of the Centers for Disease Control and Prevention (CDC) signed an order to extend by 60 days the moratorium on evictions for Americans who have the financial capacity to pay rent.

Nevertheless, the new extension until October 3 only applies to residents of counties experiencing substantial or high levels of COVID-19 transmission.

The expansion will apply in counties experiencing 50 to 100 cases per 100,000 inhabitants. Sources consulted by Noticias Telemundo indicated that this could apply up to 90% of the country.

The order states that a homeowner cannot take steps to evict certain tenants from their houses or apartments for the duration of the order.

Protection is not automatic. The tenant has to show that they qualify and apply for relief. To do this, you will need to fill out a declaration form and give it to your homeowner or manager.


Source link

Leave a Comment

Your email address will not be published.

Scroll to Top