Money News Today That Matters Tomorrow
A new, yet significant provision in the recently passed COVID relief bill is an extra $100 payment to workers who had a significant cut to their income due to COVID and had both wage (W2) income and self-employment (1099) income. Think of this as someone …
The new $900 billion COVID-19 Relief Stimulus Package has now been passed by Congress and signed into law by the President. Among other enhanced unemployment programs (PUA and PEUC) it includes an extra $300 FPUC supplementary UI payment. The supplementary payment will provide up to 11 …
Here are the latest updates on what’s in the now fully passed COVID relief stimulus package. The main items include providing another round of aid including direct payments to over 80 million Americans and their families, enhanced unemployment benefits and funds for small businesses loads …
The the Minnesota Unemployment Insurance Program is administered by the Department of Employment and Economic Development (DEED). DEED is responsible for processing unemployment compensation claims and paying out benefits. See below for details on the newly enhanced unemployment benefits available and how to file a claim. …
[Latest Update] Congress had passed an overall appropriations bill with 2020 COVID Stimulus provisions that included unemployment benefit extensions and an additional $300 weekly supplementary payment. The new funding measures would have extended PUA and PEUC programs by another 11 weeks allowing those with existing balances to rollover remaining weeks …
President-Elect Joe Biden has released his administrations new $1.9 trillion stimulus proposal called the American Rescue Plan (ARP). His action plan includes earlier Democrat stimulus provisions around addition economic impact payments (a.k.a stimulus checks) and extended unemployment benefits. There is still however considerable uncertainty and …
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 …
So looks like there are now two potential stimulus proposals in play. One, worth $908 billion from a bipartisan group of Senators was the front runner. But then Treasury Secretary Steven Mnuchin has proposed another one, worth $916 billion, which has the President’s and Senate …
Despite paying out millions of stimulus payments (a.k.a. economic impact payments) in 2020, millions of people have missed out on one or both of their stimulus “check” payment and especially the $500 child stimulus payment. While there were some logistical challenges in the IRS getting …
[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 …
At this stage Congress is getting close to agree on a $900 billion stimulus package that does include extensions to unemployment and an extra $300 supplementary UI payment. There is also provision for a $600 one time stimulus payment. It is expected that Congress will …
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 …
