UNEMPLOYMENT BENEFITS EXPLAINED - New Updates 2020 (What to WATCH OUT for???)
This is an update to my previous video about the unemployment benefits NOW with NEW INFO. If you have been affected make sure you’re up to date with all of this cause it can change your life. Along with the stimulus check and more. At the end - What to do while you’re unemployed?
New Updates:
The additional $600 for unemployment maybe starting this week for some and will continue to unfold for more. Retroaction seems like it will take effect also if you weren’t able to apply because of the HUGE number of people trying to do so.
$600 EXTRA CNN ARTICLE:
https://www.cnn.com/2020/04/07/politi...
To repeat, if you have been affected and your income is down due to no fault of your own you could be eligible. Not if you continue to work from home. Self employed and independent contracts may have to wait longer as I’m hearing some are getting rejected!
Update on mortgage payments, forbearance, and delayed home payments. I have heard to WATCH OUT for these mortgage adjustments. Yes you might be able to defer your mortgage payments for 3 months but I have been hearing you might have to pay for a lump sum of those payments at the end of that period. So this could HURT you more than help you.
NEED A FOLLOW UP:
Health Insurance - I have heard that all uninsured will be covered. BUT *There is NO more penalty for not having insurance. Need to confirm but I heard this from my CPA as I’m trying to complete my taxes for 2019.
Jobless claims:
ANOTHER 6.6 million unemployed for a total of over 16 MILLION
What to do while you’re unemployed?
Keep up to date with weekly benefits
Budget
Still Apply for Jobs
Side Hustles
HOW TO APPLY FOR UNEMPLOYMENT:
• Unemployment Benefits Explained 2020 ...
$1200 STIMULUS CHECK UPDATE:
• 💵$1200 STIMULUS CHECK Updates (How to...
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