Money News Today That Matters Tomorrow
With Congress unable to reach an agreement on a new stimulus bill and no impending legal challenges it looks like Trumps executive order (detailed below) to replace the extra weekly unemployment benefit (FPUC, or $600 weekly payment) will actually be implemented following FEMA guidance on …
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 …
Despite payment of the $300 LWA weekly benefit across several states, many eligible claimants are still finding that they have yet to receive their funds or that they only received partial payments. This is despite funding for the Lost Wages Assistance (LWA) program having already …
The Virginia Employment Commission has received an unprecedented number of unemployment claims resulting from the COVID-19 pandemic. According to a spokesperson for the Commission, over 900,000 claims were filed from mid-March through early July in 2020. In comparison, the Commission processed a similar number of …
The $300 (or $400 in some states) weekly unemployment benefit under the Lost Wages Assistance (LWA) program has now been approved across all eligible states that have applied and has started hitting people’s bank accounts or debit cards. This includes retroactive payments to August 1st, …
While federally funded programs like LWA, PUA, PEUC have provided additional benefits and weeks of coverage for millions of unemployed or underemployed Americans during the COVID pandemic, many states have also triggered emergency provisions within their own unemployment insurance (UI) programs that extended UI benefits …
The IRS has announced that approximately nine million Americans who typically don’t file federal income tax returns may be eligible for, but have not registered to claim their 2020 stimulus. They are still encouraging people to file a tax return (see free options at TurboTax) …
On September 4, 2020, the Centers for Disease Control (CDC) under the Department of Health and Human Services (HHS) signed an Order which places a temporary moratorium on residential evictions to prevent the further spread of COVID-19. What does the CDC eviction ban mean? For …
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 …
The temporary $300 unemployment benefit under the Lost Wages Assistance (LWA) program funding has now been approved by FEMA for all the states who applied for the funding grant. This supplementary payment is a much needed benefit for unemployed or underemployed workers who lost the …
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 …