Money News Today That Matters Tomorrow
[October 2020 update on latest negotiations] With a month to go before the federal election, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are working hard to compromise on a new pre-election stimulus deal that will include additional unemployment benefits and another stimulus check. …
[2021 COLA increase] The Social Security Administration (SSA) officially confirmed a 1.3% COLA increase in 2021. For the average retiree that is a $20 raise from 2020 levels ($1,523 p/month). The 1.3% COLA is the smallest since 2017 and slightly below the 1.4% average over the …
Not only has the COVID-19 pandemic thrown a wrench into our everyday lives, but its impact will also be felt by many as they file their 2020 tax returns next year. Unemployment, freelancing/gig-workers and the many federal stimulus payments will present challenges to millions of …
[Updated with latest LWA payment status below] The Nevada Department of Employment, Training and Rehabilitation (NV DETR) administers the unemployment compensation program for the state. The DETR is responsible for processing unemployment compensation claims and paying out benefits. This includes the various new 2020 enhanced unemployment …
With House Democrats having passed their new $2.2T stimulus bill that included additional funding for an extra $600 p/week in supplementary unemployment benefits, many are asking when they could see this payment. There are still some hurdles to overcome before the benefit is finalized, but …
This is a dreaded question for many who have been collecting standard and enhanced unemployment benefits. In most cases, the answer to the title of this article is usually “no” assuming you got through the state administered application and certification process. But with the myriad of …
[Update] President Trump recently announced that he’s calling off stimulus negotiations with Democrats “until after the election.” He has instructed Republican Senators to only focus on getting their new Supreme Court judge. This tough decision means the stimulus bill passed in the House won’t proceed …
With unemployment claims reaching historic highs, an increase in fraud followed close behind, adding to the woes of unemployed Americans’ still waiting for their benefits. The hardest hit is the Pandemic Unemployment Assistance (PUA) Program and more recently the Lost Wages Assistance (LWA) program. PUA …
Congressional leaders have reached an agreement to continue funding the government until December 11th, to ensure this does not become an election issue and required agencies are in place to support outcomes. Unfortunately the short term spending bill passed did not include anything on funding …
The Alabama Department of Labor (ADOL) manages the state’s unemployment administration systems which covers standard and enhanced unemployment payments. Lost Wages Assistance (LWA) Program Alabama has been approved by FEMA for the $300 weekly payment under the LWA program, which provides supplemental payments to eligible unemployment …
The extensive spike in unemployment resulting from the COVID-19 pandemic has significantly slowed down the processing of unemployment claims by the Maryland Division of Unemployment Insurance. In the early days of the pandemic, claimants could not get through to claim agents or were experienced extensive …
