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covid 19 tax breaks

The COVID-19 pandemic has swept America off its feet. According to the Bureau of Labor Statistics, the number of unemployment persons rose by 1.4 million to 7.1 million in March. This is the largest over the month increase in the rate since January of 1975. With our country’s unemployment rate projected to surpass the unemployment rate at the height of the Great Depression, the Coronavirus Aid, Relief and Economic Security (CARES) Act comes as a huge relief to many workers whose financial security has been threatened due to this pandemic-induced recession.

Click here for the Paycheck Protection Program

The new law promises $600 per week to workers who’ve been unemployed due to the COVID-19 pandemic. Also, it has dramatically expanded who is eligible for unemployment. The federal government is allowing states to expand eligibility for unemployment benefits because of the impact of COVID-19. If your employer had to temporarily shut down operations because of coronavirus, you can file.

Who Is Eligible For Unemployment? 

 The following groups are eligible for unemployment during the COVID-19 crisis:

  • Workers laid off or furloughed due to COVID-18
  • Workers who quit due to COVID-19
  • Workers caring for children or other dependents at home 
  • Self-employed workers unable to work due to COVID-19
  • Workers who were scheduled to begin unemployment but cannot due to COVID-19
  • Individuals who are now primary breadwinners because their head of the household died from COVID-19

Who Is NOT Eligible For Unemployment? 

The following groups are not eligible for unemployment during COVID-19 crisis:

  • Workers who are able to perform their jobs remotely 
  • Workers who are on paid sick or family leave 
  • Workers who quit their jobs for reasons other than COVID-19
  • Individuals with no job or plan to start a job 
  • Individuals who find new employment 

How Do I Apply for Unemployment? 

Are you eligible for unemployment? Click here to apply for unemployment.

However, these websites are overwhelmed so it may take a while to process your application. Once you submit your application, you will receive a notice in the mail stating if you’re eligible or not, how much you will receive in benefits, and how long you will receive those benefits for. 

Have the following information ready before you apply:

  • Social Security Number (SSN) or Alien Registration Number
  • Mailing address
  • Names, addresses, and phone numbers of all employers of employers you worked for the last 18 months 
  • The first and last dates that you worked for each company
  • Your bank name, address, account number and routing number for direct deposit
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