Why the Unemployed Could be Getting up to $10,000 in Stimulus Payments

With the recently passed Coronavirus stimulus bill (CARE act) many Americans and the media are focused on the one-time direct cash stimulus payments to low and middle income America. But it’s really the unemployment benefits extension that’s the most significant stimulus payment.

For example a family of four (2 adults and 2 kids) earning less than $100,000 would get the one-time $2,400 stimulus payment and $500 for each kid. That’s a total of $3,400. If one of the parents lose their job due to Coronavirus related reasons they would then be eligible for their states extended unemployment insurance (UI) benefit plus the extra $600 per week supplemental UI stimulus benefit. The extra UI benefit is worth up to $7,800 over the thirteen weeks it is in effect (~approx 4 months). So in total that’s over $10,000. If both parents lose their jobs, the stimulus benefit would be even larger.

Now my point here is not to say that the additional stimulus benefit for unemployed will truly offset actual wages or the other related impacts from losing a job. That is likely far more devastating and longer term than just the four months the extra stimulus payments will be in effect for. But I wanted to emphasize that the true direct payments from the stimulus package is really the unemployment benefits increase and extension and not the one time payment. As the economy gets worse from the Coronavirus induced fallout, it’s the UI stimulus that will matter a lot more over the next few months.

What are your thoughts? Feel free to leave a comment (be polite) on your viewpoint. Should the UI stimulus benefits be extended past July 2020 if the economy is not any better?

Subscribe For The Latest Updates

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

Last Updated on

23 thoughts on “Why the Unemployed Could be Getting up to $10,000 in Stimulus Payments

  1. Yes this is true. My good friend is receiving 1050 a WEEK! and everyones talking about the one time 1200 stimulus payment. hes making 4200 a month! Good for him. But I know alot of people are having trouble rn

  2. My employer is waiting to do furloughs until the summer. So, with the unemployment expansion ending in July, we won’t even receive it for a large portion of our furlough.

  3. I had my own business for 18 years. I lost my business in 2016. I’ve been unemployed since 2016 so I haven’t file taxes since then. Don’t have the bank account I had then. Do I still qualify for stimulus check?

      1. Could you please provide more info on how do you file the $0 simple tax return? All tax forms I see require adjusted gross income more than $0. Thank you.

  4. Will someone get the 600 payment if their unemployment runs out? what should they do? Is there an extension for these people? How is this all coming together to work for those whos unemployment has run out, but are unable to find work due to the corona virus?

  5. I am a us citizen and i had been filing my irs taxes singly as an individual because my family never joined me at all to usa.Till 08/30/2019 i used to live in houston tx but plan to go to new york once normalcy is restored from the corona epidemic.Before leaving houston i was working for a gas station but was getting part time weekly 25-35 hrs at the managers discretion.Now how can i get the unemployment stimulus for us citizens presently out of usa?please advice.i am financially broken and need help asap.i will be greatfull if somebody assists me for availing my Unemployment stimulus of 10000 dollars from houston tx.

  6. I am 24 and have been unemployed since 2018 and being treated for depression. I don’t draw a check of any kind. I live with my mom and step dad. will I get a stimulus check. I have direct deposit and the last time I filed tax was for 2017. Thanks for your help

    1. How do u sign up to get the extra 600 a week for unemployment insurance. Is there going to be an app or is this money going to just come with your unemployment as an extra. So how do u get this money..

      1. its already getting added to the weekly benefit amounts. so my friend certified for benefits like he always does but instead of 450 he got 1050 per week. we are in california. I know some states are behind tho and the UI system is having difficulties keeping up with demand eg the high demand of calls to the UI office.

  7. Jim, Michigan
    Do you have to re-register for unemployment if you’re already on it? If you’re already on unemployment do you still get the stimulus unemployment compensation?

    1. No. You will get the additional payment added to your current payment if you are eligible. Just need to let your states system catch up with new federal guidelines.

  8. Unemployment benefits are taxable, will the additional benefits be taxable?

  9. 13 weeks is three months since 52 weeks is one year
    most states have UI cap of less than $600/wk

  10. Please check your source for family of four receiving the amount you wrote if they made less than $100,000. I read that the income limit for married couples that filed jointly is no more than $150,000 adjusted gross income.

    Also, regarding the unemployment portion of the CARES Act, Lindsey Graham (R) spoke on FOX News this morning that he does not agree with the fact that the CARES Act will pay $600 more a week, up to 4 months, on top of what the State will pay you. He says the States should be able to come up with a software package that can pay a person qualified for unemployment at the wages they were making at the time of layoff. Which could be less than $600 per week. He says they should not be paid more than what they were making at the time they lost their job, which is what will happen if the States give the Claimants the additional $600 per week.

    Bottom line, don’t expect the $600 per week in addition to what you will qualify for from the State. If it happens, great…but unemployed people should expect at least what they were making at the time of being unemployed. Good luck to all that the States will provide these benefits in a timely manner because they are so overwhelmed right now.

    1. Yes, my example said that’s their income. Which is well below the stimulus qualification level. So they would qualify for the entire amount. Senator Graham may not agree, but that’s in the bill. Now states may have some discretion to lower max increase and spread it out longer, but that’s still TBD. My example is what the max payment could be, many will be less based on their income.

      1. Thank you for the clarification on the UI relief. Could you also provide what the adjusted gross income limit is for a married couple in order to qualify for at least the $2,400 check for married couples? Is it $150,000? And are they basing that on 2019 wages if you have already filed your taxes and 2018 wages if you have not filed your 2019 taxes? Thank you.

Leave a Reply

Your email address will not be published. Required fields are marked *