$600 Second Stimulus Check + PUA + PEUC + $300 FPUC + Additional Unemployment Updates
The qualifications to receive a $600 stimulus check is the same as the first stimulus check.
If you’re single and make less than $75,000. The amount of your stimulus check starts to phase out the more you make.
If you’re married and you make less than $150,000 and phase out limits start after.
$600 for children under 17 which is a $100 more than the amount provided in the CARES Act.
A family of 4 would ultimately receive $2,400.
Treasury Secretary Steven Mnuchin is on record to say, “People are going to see this money at the beginning of next week.”
11 additional weeks of PUA and PEUC are going to be added and that will start on December 27, 2020. Congress is striking 39 weeks and inserting 50 weeks instead.
No retroactive pay to September, October or November. So If you ran out of PUA then you can expect to start getting PUA again on December 27. This is important, because I know folks were asking if they should keep certifying after they’ve run out and I told you all to wait until the next stimulus package details have been released.
So let’s say you ran out of PUA in November, your state should allow you to start requesting payments again for the week ending January 2. Systems will have to be updated and so I imagine this could take 2nd or 3rd week of January until folks receive their unemployment.
So if you only had the 11 weeks then that should take you through March 13 which is when this extension ends. Something very interesting in this bill is an additional $100 per week for individuals “who have both wage and self-employment income but whose base UI benefit calculation doesn’t take their self-employment into account.”
An additional amount of $100 (in this section referred to as ‘Mixed Earner Unemployment Compensation’) in any case in which the individual received at least $5,000 of self-employment income in the most recent taxable year ending prior to the individual’s application for regular compensation.
So depending on your situation you will get an additional $300 or $400 per week for 11 weeks after the CARES Act unemployment programs ends.
Now for state extended benefits, you should be able to get rolled into PEUC, but once your PEUC is extended then yes SEB
What do you all think about this? Will this help get us through mid-March? Thanks for watching and don’t forget to subscribe as I bring you more updates like this.
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