In March 2020, U.S. lawmakers agreed on the passage of a $2 trillion stimulus bill called the CARES (Coronavirus Aid, Relief, and Economic Security) Act to provide financial assistance to individuals, families, and small business owners directly impacted by the global coronavirus pandemic. See the full details here.
- All U.S. residents with adjusted gross income up to $75,000 ($150,000 married), who are not a dependent of another taxpayer and have a work-eligible social security number, are eligible for a $1,200 ($2,400 married) rebate and an additional $500 per child
- Eligibility will use a taxpayer’s 2019 tax return if filed, or in the alternative their 2018 return and include those with no income or on SSI
- For incomes above $75,000, $5.00 will be deducted for every $100 above $75,000. Individuals above $99,000 will not be eligible
- Eligibility will be based on 2019 tax returns and include those with no income or on SSI.
Enhanced Unemployment Benefits
- An additional $600 per week for four months
- An additional 13 weeks of unemployment benefits through Dec 31, 2020 to help those who remain unemployed
- Expanded to include self-employed, independent contractors, those with limited work history, furloughed workers, and “gig economy” workers (e.g. Uber, Lyft, etc.) to Dec 31, 2020
- Apply Here: