A Second Stimulus Check

As of today, there is nothing you need to do to get a stimulus payment. The IRS will begin work to issue stimulus payments using the most recent information they have on file, likely from your 2019 tax return, either by direct deposit or by check.

If you have an adjusted gross income (AGI) of up to $75,000 ($150,000 married filing jointly), you could be eligible for the full amount of the recovery rebate. As your AGI increases over $75,000 ($150,000 married filing jointly), the stimulus amount will  go down. The stimulus check rebate will completely phase out at $87,000 for single filers with no qualifying dependents and $174,000 for those married filing jointly with no dependents. 

Unemployment payments will increase by $300 per week and the benefits will be extended until March 14, 2021.

The bill also extends the Pandemic Unemployment Assistance (PUA), which expands unemployment to those who are not usually eligible for regular unemployment insurance benefits. This means that self-employed, freelancers, and side giggers will continue to be eligible for unemployment benefits.

Extended Student Loan Forbearance

College students and parents with federal student loans will  receive an additional extension on student loan payments, and will  not be required to make payments on Federal Student loans until April 1, 2021. This includes both principal and interest payments.

Eviction Moratorium and Rental Assistance

The  Coronavirus Response and Relief Supplemental Appropriations Act of 2021 extends the moratorium on evictions under the CARES Act, designed to protect renters from eviction, until January 31, 2021.

Families struggling to pay rent or with past due rent could  be able to get assistance with paying past due rent, future rent payments, as well as utility bills. Click here for more info

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