Money News Today That Matters Tomorrow
[Post Election update] With Democratic candidate Joe Biden winning the Presidential election and Senate Republicans likely to retain control of the Senate (pending final certification and Georgia run-offs), the probability of a stimulus package containing supplementary unemployment benefits happening this year is very remote as …
With over 20 million Americans on some type of unemployment and the number of workers unemployed for more than six months growing faster than ever before, there is a palpable and justified sense of direct and indirect concern (or some would say fear) when federal …
Despite earning more than $100,000 in household income many people still feel that they are living month-to-month and that a loss of employment or sudden medical emergency could easily move them from upper middle class to low income earners. This feeling of being on the …
President-Elect Joe Biden has released his administrations new economic agenda a few days after being projected as the winner of the 2020 election. His action plan includes earlier Democrat stimulus provisions around addition economic impact payments (a.k.a stimulus checks) and extended unemployment benefits. There is …
With funding for the weekly $300 Lost Wages Assistance (LWA) program having run out after only six weeks and the $600 FPUC payment expiring back in July most Americans are going to go back to relying on regular and pandemic unemployment benefits available mainly through …
It appears that a last ditch deal to pass another $2 Trillion pre-election stimulus package may be nearing as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin (on behalf or the Trump White House) work hard to compromise on a new $2T pre-election stimulus deal that …
It was a pretty common sentiment a few months ago that the IRS had missed paying millions of people their $1200/$2400 economic stimulus payment and especially the $500 child stimulus payment. Many of these reasons are well documented and range from lack of staff availability …
[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 …
[Update November 2020] At this stage no unemployment extension has been passed given new stimulus discussions stalled before the election. See this article for the latest updates. With House Democrats having passed their new $2.2T stimulus bill that included additional funding for an extra $600 …
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 …
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 …
