Enhanced unemployment benefits will end on July 31.
Sarah Tew / CNET
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Benefits that were designed to ease the financial stress of Americans during the coronavirus pandemic They are coming to an end before July 31, leaving millions of unemployed or underemployed Americans wondering what will come next. The CARES Act, which was enacted on March 27 by President Donald Trump, provided benefits such as improved unemployment payments to supplement the loss of earnings from layoffs. It also includes a clause for delay evictions by 120 days. Both safety nets are rolled up before the end of next month.
At this time, it is unclear whether Congress plans to extend these benefits, although there is an ongoing debate that also includes a question of whether there will be a second stimulus control for individuals and families. Here are all the benefits that disappear when the CARES Act expires.
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Improved unemployment benefits
When cities around the the country closed In March, companies had no choice but to temporarily close their doors, leaving millions unemployed. Now nearly 21 million people receive unemployment benefits, as well as 9.7 million freelancers who receive assistance. In the week ending June 20, nearly 1.5 million people applied for unemployment for the first time, the Labor Department reported.
On July 31, 2020, the enhanced unemployment benefits of an additional $ 600 per week In addition to the usual assignment it will end. This could also mean that workers, freelancers, independent contractors, and small business owners, those who are not generally eligible for unemployment, will also lose this source of income.
Those who are still eligible for regular unemployment benefits will continue to receive them.
Unemployment benefits, like the additional $ 600 per week, will end in July.
Sarah Tew / CNET
Federal eviction protections
The CARES Act includes a temporary moratorium on evictions for most residents with subsidized apartments and tenants of homes covered by Fannie Mae, FHA, and Freddie Mac. This protected Americans who were unable to pay his rent of being evicted from their homes for 120 days.
These protections will end on July 25, and on that date, homeowners can begin sending eviction notices. At that time, landlords must give residents a 30-day notice to vacate prior to eviction. There is concern that people who will be unable to pay their rent and who are evicted may contribute to an increase in the number of homeless families across the country.
The tax filing deadline is July 15.
Angela Lang / CNET
Extra time to file your taxes
The original deadline to file your taxes was April 15, but due to coronavirus, it was extended until July 15. That is still in effect, but the deadline is now only a few weeks away. If you have not yet filed, you should do so before the deadline date to avoid future problems with the IRS.
If you do not think you will be able to file it on time, you can request an extension, although you will have to pay the accrued interest. If you do not file your taxes on time, you will be charged a $ 300 fine.
If you are one of the millions of Americans trying to figure out what the next steps are, we have more tips to help you. This is what the ending an unimproved job means to you, what to do when eviction protections end and How to file your taxes online. Also, here is the latest round 2 stimulus test and if you get another $ 1,200 from the IRS.
