$ 400 Weekly Unemployment Premium: When will the checks be issued? What you should know

The $ 1.9 trillion COVID-19 relief plan passed the House after hours of debate. In the bill is a third stimulus control, a extension of the child tax credit and additional $ 400 unemployment checks that will lead Americans to the end of August.

The next bill is the Senate. There will be a debate on the bill itself and then a vote. One change that will likely happen in the Senate is the removal of the Federal minimum wage provision of $ 15, that the parliamentarian of the Senate decided not to respect the rules of the chamber. An amended bill is expected to pass in the Senate, before President Joe Biden signs it – before the $ 300 unemployment checks expire on March 14.

At this point, job seekers would see $ 400 more per week on their unemployment checks through the end of August, an increase of $ 100 from the $ 300 spent at the end of December. Here’s everything you need to know about how the new program will help the unemployed.

What will the next relief plan do for the unemployed?

The $ 1.9 trillion COVID-19 relief package look for extend improved unemployment benefits until the end of August and increase the weekly federal premium to $ 400 instead of current $ 300. That’s down from the $ 600 per week extended in the CARES Law, above state-issued unemployment checks.

One more change Biden has fostered are automated triggers, according to the Washington Post. When certain economic indicators change, such as the unemployment rate, the assistance provided will change accordingly. This would allow the federal government to continue providing the necessary amount of assistance to the unemployed without having to adopt an additional program.

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Will the additional $ 400 unemployment check be retroactive?

So far, there is no indication that unemployment benefits will be retroactive. That could change once a bill makes its way through Congress, or it could be determined by the states.

How long will the extra $ 400 checks for Americans last?

Biden’s original plan called for extended benefits to last until the end of September, with triggers that would extend benefits beyond September for those who continue to be out of work, and include automatic payment adjustments related to health and benefits. economic conditions. However, it has since changed at the end of August with no indication of an extension after September.

How many more bonus checks of $ 300 are left?

The $ 900 billion COVID-19 relief package adopted in december added 11 additional weeks of enhanced unemployment benefits. This includes weekly $ 300 checks, pandemic unemployment assistance for on-demand workers, and an extension of state-provided benefits. The official expiration date for these benefits is March 14 – just over a month away – but there is a phase-out period until April 5, as some beneficiaries have yet to receive payments. unemployment offices in their states.

What happens at the end of August?

Since his election, Biden has said on several occasions that there will be more help to come, but he has not yet indicated when that will happen. From now on, additional unemployment checks will end before September.